Market on Monday | Nifty at 25,100 on smart recovery led by banks, Sensex gains over 440 points
Benchmark equity indices snapped a two-day fall with Nifty closing above 25,000 in a volatile session on July 21 that saw leadership from auto, realty, metal and private banks.
The Nifty 50 initially slipped below 24,900 for the first times since June 23, however, recovered smartly to trade higher early on and ended near day’s high.
At close, the Sensex was up 442.61 points or 0.54 percent at 82,200.34, and the Nifty was up 122.30 points or 0.49 percent at 25,090.70. BSE Midcap index rose 0.5 percent, while Smallcap index ended flat.
On the sectoral front, auto, capital goods, private bank, power, realty, metal up 0.5-1 percent, while IT, PSU Bank, oil & gas, FMCG down 0.4-1 percent.
Eternal, ICICI Bank, HDFC Bank, HDFC Life and M&M were among major gainers on the Nifty, while losers were IndusInd Bank, Reliance Industries, Wipro, HCL Tech and Eicher Motors.
