Market Closing: Sensex Ends 232 pts Higher, Nifty50 Nears 19,600; IT Stocks Rally
Market Closing: Sensex Ends 232 pts Higher, Nifty50 Nears 19,600; IT Stocks Rally
Indian equities started steady on Monday with Q1FY24 earnings in focus, and despite the weak global cues

Broader markets, too, exhibited strength throughout the day, with Nifty Midcap 100 and Nifty Smallcap 100 indices ending with 0.5 per cent and 0.2 per cent gains, respectively. Volatility gauge, India VIX, meanwhile, jumped 5 per cent.

22 out of 30 stocks from the pack ended in positive territory led by M&M (up 4 per cent), Sun Pharma (up 2 per cent), Bajaj Finserv (up 1 per cent), and TCS (up 1 per cent). On the flipside, SBI, Tata Motors, and Axis Bank lost up to 0.8 per cent.

Among sectors, Nifty Healthcare, Nifty Pharma, and Nify IT indices emerged as the top leaders, gaining over 1 per cent each, while Nifty PSU Bank, Nifty Media, and Nifty Metal indices ended the trade in red.

BSE midcap index closed the day with 0.5 percent gain and smallcap index was also up by 0.25 percent.

A long build-up was seen in REC, Divis Laboratories and Biocon, while a short build-up was seen in Aditya Birla Fashion & Retail, India Cements and Balkrishna Industries.

Among individual stocks, a volume spike of more than 200 percent was seen in Divis Laboratories, Ramco Cement and REC.

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