Stock markets rallied for the third consecutive session on Monday, with the benchmark Sensex climbing 583 points and the Nifty regaining the 25,000 mark. The uptrend was driven by value buying in information technology and financial stocks, which lifted overall market sentiment.
The 30-share benchmark index ended at 81790.12 up by 582.95 points or by 0.72 % and then NSE Nifty was at 25077.65 up by 183.4 points or by 0.74 %.
Sensex touched intraday high of 81846.42 and intraday low of 81155.88 The NSE Nifty touched intraday high of 25095.95 and intraday low of 24881.65
The top gainers of the BSE Sensex pack were Tata Consultancy Services Ltd. (Rs. 2988.05,+2.96%), Mahindra & Mahindra Ltd. (Rs. 1437.45,+2.62%), Axis Bank Ltd. (Rs. 1212.50,+2.61%), Eternal Ltd. (Rs. 335.05,+2.01%), Infosys Ltd. (Rs. 1475.15,+1.98%), among others.
The top losers of the BSE Sensex pack were Tata Steel Ltd. (Rs. 169.95,-1.88%), Adani Ports & Special Economic Zone Ltd. (Rs. 1401.45,-1.23%), Power Grid Corporation of India Ltd. (Rs. 286.50,-1.07%), Titan Company Ltd. (Rs. 3418.95,-0.97%), IndusInd Bank Ltd. (Rs. 740.95,-0.88%), among others.
IT index was at 34207.39 up by 658.96 points or by 1.96%. Onward Technologies Ltd. (Rs. 319.90,+7.71%), Black Box Ltd. (Rs. 587.10,+5.00%), InfoBeans Technologies Ltd. (Rs. 526.90,+3.83%), Cigniti Technologies Ltd. (Rs. 1572.20,+3.33%), LTIMindtree Ltd. (Rs. 5276.50,+3.08%),.
Metal index was at 33735.66 down by -312.96 points or by -0.92%. Jindal Stainless Ltd. (Rs. 761.05,-3.45%), Jindal Steel Ltd. (Rs. 1055.25,-1.94%), Tata Steel Ltd. (Rs. 169.95,-1.88%), National Aluminium Company Ltd. (Rs. 217.15,-1.81%), Steel Authority of India (SAIL) Ltd. (Rs. 132.55,-1.78%),.
The Market breadth, indicating the overall strength of the market, was weak. On BSE out of total shares traded 4648 , shares advanced were 1950 while 2500 shares declined and 198 were unchanged.