Sensex crosses 84,000 for first time since June, Nifty reclaims 25,700 mark
The climb in the indices led by buying in autos, consumer durables, FMCG, and banking heavyweights.
The climb in the indices led by buying in autos, consumer durables, FMCG, and banking heavyweights.
In the Indian stock market, bulls were back in action as the benchmark indices snapped a three-day losing streak. This helped Nifty to comfortably close above the 25,100 mark amid buying across the sectors.
Benchmark indices extended gains from the previous session and ended higher on Thursday. Broader markets staged a sharp rebound from yesterday's selloff, outperforming their larger cap peers.
At close, the Sensex was down 56.74 points or 0.07% at 81,709.12, and the Nifty was down 30.60 points or 0.12% at 24,677.80.
At close, the Sensex was down 55.47 points or 0.07 per cent at 79,486.32, and the Nifty was down 51.15 points or 0.21 per cent at 24,148.20 .Equities ignored positive global markets after the US Federal Reserve cut its benchmark lending rate by a quarter percentage point.
Also, a relative strength in Indian rupee too have supported the benchmark indices on Monday, said analysts.
According to Gaurav Garg, Head of Research at CapitalVia Global Research: "The Indian Benchmarks started on a positive note amid mixed global cues. Traders will be taking encouragement with Niti Aayog's statement that Indian economy is expected to grow 10.5 per cent in the current fiscal."
According to Likhita Chepa, Senior Research Analyst, CapitalVia Global Research: "The Indian benchmark had a gap up start today and is likely to recover from the previous session's fall."
"Asian markets continued to show mixed signs and India is one of the outperformers today so far," said Deepak Jasani, Head of Retail Research, HDFC Securities.
The broader NSE Nifty50 traded at 17,698.50, down by 12.80 points or 0.072 per cent after opening at 17,718.90 from its previous close of 17,711.30.
