After five days of decline, the market improved strongly, Sensex rose by 500 points
Delhi Delhi. Equity benchmark indices Sensex and Nifty bounced sharply on Monday after five days of massive losses amid a rally in global markets and value buying at lower levels. Besides, strong buying in blue-chip stocks ITC, HDFC Bank and Reliance Industries also helped the market recover. The 30-share BSE benchmark Sensex jumped 498.58 points, or 0.64 per cent, to close at 78,540.17. During the day, it rose 876.53 points, or 1.12 per cent, to hit 78,918.12. The NSE Nifty rose 165.95 points, or 0.70 per cent, to 23,753.45. Among the 30 blue-chip stocks, ITC, Tech Mahindra, HDFC Bank, Reliance Industries, IndusInd Bank, Titan, State Bank of India and ICICI Bank were the top gainers. New entrants Zomato, Maruti, Nestle, HCL Tech, Bajaj Finserv and Tata Motors lagged behind. In Asian markets, Seoul, Tokyo and Hong Kong ended in the positive territory, while Shanghai ended lower.
European markets were mostly trading lower. Wall Street closed higher on Friday. In the last five sessions last week, the BSE benchmark fell 4,091.53 points, or 4.98 per cent, and the Nifty dropped 1,180.8 points, or 4.76 per cent.Foreign institutional investors (FIIs) sold equities worth Rs 3,597.82 crore on Friday, according to exchange data. Global oil benchmark Brent crude rose 0.44 per cent to $73.26 per barrel.The 30-share BSE benchmark closed 1,176.46 points, or 1.49 per cent, lower at 78,041.59 on Friday. Nifty fell 364.20 points or 1.52 percent to 23,587.50.
