new delhi, April 27
The Indian stock market rebounded on Monday after three sessions of losses. At the close, the Sensex settled 639.42 points, or 0.83 per cent higher, at 77,303.63, while the broader Nifty climbed to 24,092.70, up 194.75 points, or 0.81 per cent. The Indian rupee also ended higher at 94.19 per dollar on Monday, compared to Friday’s close of 94.25.
Among sectors, most indices traded in the green, with the Nifty Private Bank index being the only laggard. However, IndusInd Bank shares rose about 4 per cent.
On the Nifty, 39 stocks ended in the green, while 11 closed in the red. Among the top gainers were Sun Pharma, Jio Financial Services, and Reliance Industries, each gaining over 3 per cent. Tech Mahindra, Wipro, TCS and HCLTech also posted gains. On the other hand, Shriram Finance and Axis Bank witnessed heavy selling, while BEL, Tata Consumer, and Trent were among the losers.
Vodafone Idea, Suzlon, JP Power, Reliance Power, and Ola Electric were among the most actively traded stocks in terms of volume.
IT stocks saw a sharp rebound in early trade. Wipro gained 2.03 per cent, Tech Mahindra advanced 2.16 per cent, while Infosys was among the top gainers. TCS shares rose 1.3 per cent, while HCLTech was up 0.9 per cent.
More than 160 stocks touched their 52-week highs on the BSE, including Torrent Power, Engineers India, CESC, HFCL, Aarti Industries, Adani Ports, SAIL, Tata Power, JSW Steel, Adani Power, BHEL, Adani Energy, NTPC, NMDC, Granules India, Lloyds Metals, NALCO, Hindalco, Adani Green Energy, Nestlé, among others.
On the NSE, shares of Paytm dropped 8.38 per cent to Rs 1,051.10 in early trade. However, the stock later recovered, trimming most of the losses to settle at Rs 1,137.80, down 0.83 per cent.
In Asian markets, Japan’s Nikkei 225 advanced 1.4 per cent, South Korea’s Kospi rose 2.1 per cent, China’s Shanghai Composite Index gained 0.2 per cent, and Taiwan’s Taiex climbed 2.6 per cent.
Crude oil prices climbed after attempts to revive peace negotiations over the Iran conflict stalled. Brent crude surged as much as 2.5 per cent to $107.97 per barrel, while West Texas Intermediate rose towards $97 per barrel.
