Stock Markets Rebound After Four-Day Slump; Sensex Jumps 483 Points
The rally was driven by value buying and strength in metals and healthcare, with the Nifty Metal index up 2.21% and the Sensex rising 482.92 points.
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Sensex Surges over 480 Points, Nifty Settles at 22,753 Amid Buying in Metals, Pharma
Get latest articles and stories on Business at LatestLY. The Indian equity markets ended higher on Monday with Sensex surging over 480 points and Nifty settling above 22,750 level. This rally was supported by selective buying in metals, pharmaceuticals and healthcare, rather than a decisive improvement in overall sentiment. Business News | Sensex Surges over 480 Points, Nifty Settles at 22,753 Amid Buying in Metals, Pharma.
Stock markets rebound after four-day slump; Sensex jumps 483 points
Recovering from early losses, the 30-share BSE Sensex ended 482.92 points, or 0.66%, higher at 73,606.75. During the day, it hit a high of 73,606.75 and a low of 72,514.57, a range of 1,092.18 points
Mind-boggling Monday at Indian stock markets: Sensex, Nifty mirror life’s ups and downs — October 26 trade details
The Nifty 50 opened lower at 22,524, and the sell-off accelerated at the opening bell, dragging the index towards 22,387 before it staged a sharp recovery. Supported by gains in financial stocks, the index closed 0.68% higher at 22,735. The Sensex also ended the session 0.66% higher at 73,606.
The Indian stock market saw a strong rebound on Monday. The Sensex and Nifty indices recovered nearly 2% after their previous decline, resulting in a gain of ₹4.23 lakh crore for investors.
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