Adani Ports was the top Nifty winner, with the stock rising 5.55 percent to close at Rs 469.

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Sensex, Nifty Rebound After Worst Day In Over 7 Months Led By IT Stocks

After experiencing the worst single-day sales in the previous session, the S&P BSE Sensex and NSE Nifty 50 indexes rebounded strongly, led by gains in heavyweights in information technology such as Infosys, Tata Consultancy Services, HCL Technologies, and Tech Mahindra. For most of the day, however, benchmarks traded with a negative bias, late purchases across industries helped Sensex to recover 968 points from the lowest level of the day, and Nifty recovered its significant psychological level of 13,450.

At 46,006.69, the Sensex finished 453 points or 1% higher and the Nifty 50 index climbed 138 points or 1% to settle at 13,466.

In the previous session, value buying at lower levels after sharp profit-booking by international institutional investors led to a market recovery, analysts said. On Monday, foreign institutional investors turned net sellers, selling Rs 323 crore shares on Indian markets.

As all the 11 industry gauges compiled by the National Stock Exchange ended higher, led by the Nifty IT index’s more than 3 percent rise, purchasing was noticeable across sectors. The indexes of Nifty Pharma, Metal, PSU Banking, and Auto also increased between 1-2 percent.

As the Nifty Midcap 100 index rose 0.85 percent and the Nifty Smallcap 100 index advanced 0.77 percent, mid-and small-cap shares have experienced buying interest.

Adani Ports was the top Nifty winner, with the stock rising 5.55% to close at Rs 469. Between 2-5 percent, HCL Technologies, Tech Mahindra, Infosys, GAIL India, Wipro, Power Grid, Sun Pharma, Larsen & Toubro, and Nestle India also increased.

On the flip side, among the notable losers were Kotak Mahindra Bank, HDFC, Bajaj Finance, UltraTech Cement, IndusInd Bank, Reliance Industries, and Hindalco.

As 1,569 shares ended higher while 1,352 closed lower on the BSE, the total market breadth was positive.


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