Indian equity markets showed a strong recovery in the final trading hour on Monday, with stocks like Adani Ports, Bharat Electronics, L&T, Mahindra & Mahindra, ICICI Bank, and HDFC Bank leading the bounce back. The Sensex surged by 944 points, closing at 81,666 after touching a high of 81,732 from an intra-day low of 80,387.25.
Similarly, the Nifty witnessed a wide range of movements, starting from a low of 24,679, climbing to 25,108, and settling at 25,088, marking a gain of 263 points. This rebound followed a significant fall on the Budget day, with midcap and smallcap stocks also ending higher.
The India VIX, reflecting market sentiment, dropped by 8 percent during the session, indicating improved investor confidence. Power Grid emerged as the top gainer on the Sensex, rising by 7.6 percent, driven by positive statements from the company’s management regarding its future plans.
Adani Ports, Bharat Electronics, M&M, L&T, IndiGo, and other major stocks also saw gains of up to 4.6 percent, contributing to the market’s recovery. On the flip side, only six Sensex stocks closed in the red, including Axis Bank, Infosys, and TCS.
Sector-wise, most indices ended positively, with Nifty Auto, Nifty Metal, and Nifty Realty indices showing significant gains. However, the Nifty IT index was the only sectoral loser, slipping by 0.5 percent.
