Sensex Today | Stock Market Highlights: Markets end higher as banks lead rally; Nifty hits 9-month high
Sensex Today | Stock Market Highlights: Indian equity benchmarks ended higher on Monday, with banking stocks leading the gains and pushing the Nifty 50 to a nine-month high. The Sensex rose 107 points, or 0.13%, to close at 81,106, while the Nifty gained 58 points, or 0.23%, to settle at 25,045.
Sensex Today | Stock Market Highlights: Indian equity benchmarks ended higher on Monday, with banking stocks leading the gains and pushing the Nifty 50 to a nine-month high. The Sensex rose 107 points, or 0.13%, to close at 81,106, while the Nifty gained 58 points, or 0.23%, to settle at 25,045.
The Nifty Bank outperformed the broader market, rising 891 points, or 1.5%, to 59,741. The Nifty Midcap index advanced 334 points to 61,023. SBI, HDFC Bank and ICICI Bank were among the key contributors to the Nifty’s gains.
Public sector banks witnessed strong buying interest, with the Nifty PSU Bank index rising 3%. Bank of India, Bank of Baroda, Punjab National Bank and Union Bank of India ended 4-5% higher.
Reliance Industries closed largely unchanged but recovered sharply from its intraday lows, holding above its 200-day moving average. IT and metal stocks, however, remained under pressure, with Tata Steel and Infosys among the top Nifty losers.
Watch this space for all the Highlights stock market updates.
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