Equity indices saw a resurgence on the opening of the week, breaking a two-day downtrend, propelled by global market strength and a surge in HDFC Bank shares.
The Indian stock market exhibited notable dynamism, as the BSE Sensex regained its footing, surging by 110.09 points or 0.17 percent to reach a settling point of 64,996.60. Throughout the trading day, the index experienced a more pronounced leap of 326.94 points or 0.50 percent, peaking at 65,213.45.
Similarly, the NSE Nifty embarked on an upward trajectory, securing a gain of 40.25 points or 0.21 percent to wrap up the session at 19,306.05.
Among the victors in the Sensex category were Larsen & Toubro, Mahindra & Mahindra, HDFC Bank, Sun Pharma, Maruti, Kotak Mahindra Bank, IndusInd Bank, Tata Steel, and State Bank of India, all enjoying favourable movements. Meanwhile, Reliance Industries, Nestle, Titan, HCL Technologies, ITC, and Tata Motors were counted among the decliners.
Over in Asian markets, Seoul, Tokyo, Shanghai, and Hong Kong all embraced positive outcomes, sustaining the global momentum. European markets also displayed an optimistic trend, while the U.S. markets concluded the preceding Friday on a positive note.
In the realm of commodities, the global oil benchmark, Brent crude, experienced a modest upswing of 0.37 percent, reaching a value of $84.79 per barrel.
Foreign Institutional Investors (FIIs) exhibited a notable move by divesting equities worth Rs 4,638.21 crore on the preceding Friday, as per exchange data.
Friday’s trading session had witnessed the BSE benchmark encountering a dip, losing 365.83 points or 0.56 percent to conclude at 64,886.51. In tandem, the Nifty experienced a decline of 120.90 points or 0.62 percent, concluding the day’s proceedings at 19,265.80.
