Benchmark indices rebounded on Monday, with the BSE Sensex climbing 329 points, tracking a rally in global equity markets, on hopes of a potential US Federal Reserve rate cut.
The 30-share benchmark index ended at 81635.91 up by 329.06 points or by 0.4 % and then NSE Nifty was at 24967.75 up by 97.65 points or by 0.39 %.
Sensex touched intraday high of 81799.06 and intraday low of 81364.86 The NSE Nifty touched intraday high of 25021.55 and intraday low of 24894.35
The top gainers of the BSE Sensex pack were Infosys Ltd. (Rs. 1532.60,+3.03%), Tata Consultancy Services Ltd. (Rs. 3140.75,+2.85%), HCL Technologies Ltd. (Rs. 1504.60,+2.60%), IndusInd Bank Ltd. (Rs. 772.00,+1.59%), Mahindra & Mahindra Ltd. (Rs. 1523.80,+1.32%), among others.
The top losers of the BSE Sensex pack were Nestle India Ltd. (Rs. 1152.70,-0.79%), Asian Paints Ltd. (Rs. 2494.50,-0.39%), Bharti Airtel Ltd. (Rs. 1925.60,-0.38%), ICICI Bank Ltd. (Rs. 1433.20,-0.21%), Kotak Mahindra Bank Ltd. (Rs. 1983.45,-0.16%), among others.
IT index was at 35581.15 up by 812.28 points or by 2.34%. RateGain Travel Technologies Ltd. (Rs. 527.65,+6.55%), Newgen Software Technologies Ltd. (Rs. 921.70,+6.44%), R Systems International Ltd. (Rs. 473.90,+5.83%), AXISCADES Technologies Ltd. (Rs. 1276.60,+5.00%), Mastek Ltd. (Rs. 2598.00,+4.35%),.
CGS index was at 66871.05 down by -279.97 points or by -0.42%. Hitachi Energy India Ltd. (Rs. 19440.00,-2.22%), Suzlon Energy Ltd. (Rs. 57.45,-1.81%), Cummins India Ltd. (Rs. 3869.35,-1.20%), Finolex Cables Ltd. (Rs. 840.00,-1.13%), Bharat Heavy Electricals Ltd. (Rs. 216.45,-0.96%),.
The Market breadth, indicating the overall strength of the market, was weak. On BSE out of total shares traded 4584 , shares advanced were 2067 while 2292 shares declined and 225 were unchanged.