Synopsis : Indian equity markets recovered smartly from early weakness, with the Sensex rising around 150 points and the Nifty holding near 25,500 levels. Gains in pharma, realty and private bank stocks offset pressure from IT and auto counters, keeping the market mood cautiously positive.
Indian stock markets staged a swift rebound in Monday’s late-morning trade after opening on a cautious note, as selective buying in pharma, realty and banking stocks helped benchmark indices move into positive territory.
At around 11 AM, the BSE Sensex was trading near 82,762, up about 136 points (0.16%), while the NSE Nifty50 climbed to 25,524, gaining 53 points (0.21%).
HDFC Bank, Power Grid, Eicher Motors, NTPC, Axis Bank, and Bajaj FinServ emerged as the top performers on the Sensex, advancing as much as 3 per cent. On the flip side, Infosys, Tech Mahindra, SBI, Adani Ports, and Maruti Suzuki India were among the key laggards, slipping up to 1.6 per cent.
Broader market performance remained subdued, with both the Nifty Midcap 100 and Nifty Smallcap 100 indices trading marginally lower by 0.11 per cent each, reflecting cautious participation beyond frontline stocks.
The India VIX, a measure of market volatility, edged up 1.6 per cent, indicating heightened near-term uncertainty.
Sectorally, the market showed a mixed picture. Buying interest was visible in pharma, realty, private banks and consumer durables, while IT, auto, metal and PSU bank stocks faced selling pressure. The Nifty Realty index led the sectoral gains with a rise of 0.79 per cent, followed by the Nifty Pharma index, up 0.72 per cent. Meanwhile, the Nifty IT and Nifty Auto indices declined 0.63 per cent and 0.50 per cent, respectively.
Market participants remain watchful of global cues, interest rate expectations and upcoming corporate updates, as rotation across sectors continues to define near-term market direction.
Disclaimer : This article is for informational purposes only and does not constitute financial or investment advice. Investors should consult certified professionals before making any investment decisions.
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