The domestic equity benchmark indices rebounded on Monday to snap their four-session losing streak, amid value buying in stocks and <a href="https://www.mid-day.com/business/business-news/article/crude-oil-prices-decline-over-2-per-cent-to-usd-11404-per-barrel-amid-hopes-of-us-iran-deescalation-23657061" target="_blank" rel="none noopener">easing in crude oil prices</a>.
"Indian equities recovered from early losses, supported by value buying and strength in metals, power and healthcare," &nbsp;Vinod Nair, Head of Research, Geojit Investments said.
Recovering from the early losses, the benchmark indices gained, as the 30-share BSE Sensex jumped 482.92 points, or 0.66 per cent, to end at 73,606.75. The 50-share NSE Nifty advanced 153.20 points, or 0.68 per cent, to settle at 22,753.20.
"Benchmark indices staged a strong recovery from lower levels on 26 October, snapping their four-day losing streak. However, volatility remained elevated ahead of tomorrow&rsquo;s monthly expiry, amid elevated crude oil prices, geopolitical tensions and uncertainty surrounding the US Federal Reserve&rsquo;s policy decision. Despite the recovery, market sentiment remained cautious," Pabitro Mukherjee, Deputy Vice President Research, Bajaj Broking said.
<h2>Gainers and laggards</h2>
From the 30 Sensex constituents, only five ended lower. Adani Ports, Eternal, Kotak Mahindra Bank, Trent, Tata Steel, and Bharti Airtel were the major winners.
The shares of Adani Ports climbed 2.72 per cent. Eternal, the parent company of Zomato and Blinkit, gained 2.56 per cent, while the stock of <a href="https://www.mid-day.com/business/business-news/article/kotak-mahindra-bank-q2fy27-net-profit-jumps-29-per-cent-to-rs-4212-crore-nim-contracts-23656738" target="_blank" rel="none noopener">Kotak Mahindra Bank</a> rose 2.53 per cent after a strong Q2FY27 net profit.
However, Bajaj Finance, HDFC Bank, Maruti, HCL Tech and Power Grid were the only laggards.
"Among sectors, almost all the major sectoral indices traded in positive territory, but the Tourism, Healthcare and Metal indices outperformed, rallying over 2 per cent," Shrikant Chouhan, Head Equity Research, Kotak Neo said.
On Friday, the Sensex slipped 125.56 points, or 0.17 per cent to settle at 73,123.83, while the Nifty declined 87.65 points, or 0.39 per cent, to close at 22,600.&nbsp;
<h2>Global cues for the equity market</h2>
Brent crude, the global oil benchmark, declined 1.60 per cent to USD 114.8 per barrel, according to news agency PTI.
"Indian stock markets are expected to trade sideways until greater clarity emerges on global cues and policy decisions. Brent crude futures traded around USD 115 per barrel, easing from a near six-month high of USD 117per barrel after Friday&rsquo;s Indian market close. Markets are expected to sustain at current levels, however, continued attacks on Saudi Arabia have kept concerns over potential supply disruptions elevated," Siddhartha Khemka Head of Research, Wealth Management, Motilal Oswal Financial Services said.
Foreign Institutional Investors (FIIs) were net buyers, purchasing equities worth Rs 887.65 crore and <a href="https://www.mid-day.com/business/business-news/article/domestic-institutional-investors-net-purchase-at-rs-7768-crore-during-the-week-fii-net-inflows-at-rs-2911-crore-23643816" target="_blank" rel="none noopener">Domestic Institutional Investors (DIIs)</a> bought equities worth Rs 3,235.36 crore on Friday, according to exchange data.&nbsp;
In Asian markets, South Korea's Kospi and Japan's 225 index settled lower, while Shanghai's SSE Composite index and Hang Seng index ended higher.
(With inputs from PTI)

The Sensex soared 482.92 points, or 0.66 per cent, to end at 73,606.75, while the Nifty edged up 153.20 points, or 0.68 per cent, to settle at 22,753.20 

Sensex jumps 483 points, Nifty rises 153 points amid value buying in stocks

Sensex, Nifty trade flat in early deals amid elevated crude oil prices, IT stock selling

The 30-share BSE Sensex jumped 482.92 points, or 0.66 per cent, to end at 73,606.75. The 50-share NSE Nifty advanced 153.20 points, or 0.68 per cent, to settle at 22,753.20

Sensex, Nifty snap four-session losing streak; Sensex gains 482.92 points

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Home / Business / Stock Market / Article / Sensex, Nifty snap four-session losing streak; Sensex gains 482.92 points