Share Market Today: Indices Climb In Recovery Session, Sensex Surges 800 Points, Nifty Over 23,850

On the Sensex, ITC, Tech M, Tata Steel, Bharti Airtel, HDFC Bank, and Reliance dominated in green. Meanwhile, Zomato and TCS remained the only laggards

This recovery was seen after five consecutive sessions of decline seen in the market and was attributed to a rally seen in global markets.

Source : ABPLIVE AI

The stock market began the trading week on a positive note. Around 9:34 AM, the key equity benchmark indices, Sensex and Nifty, traded in green. The BSE Sensex climbed more than 600 points to touch 78,649.69, while the NSE Nifty50 rallied close to 200 points to reach 23,771.20.

As the session progressed, the indices continued to gain momentum. Around 11:37 AM, the Sensex jumped nearly 800 points and hit 78,829, while the Nifty climbed 272 points to touch 23,859 in the session.

On the Sensex, ITC, Tech M, Tata Steel, Bharti Airtel, HDFC Bank, and Reliance dominated in green. Meanwhile, Zomato and TCS remained the only laggards.

The broader markets traded completely in green, apart from the Nifty Smallcap 250 and Microcap 250 indices which declined 0.06 per cent and 0.59 per cent respectively. Comparatively, the Nifty Midcap Select surged ahead and stood 1.27 per cent higher.

This recovery was seen after five consecutive sessions of decline seen in the market and was attributed to a rally seen in global markets.

The sectors traded entirely in green, with the Realty and Metal indices driving the gains. The Nifty Realty index rallied 1.82 per cent, followed by Metal which climbed 1.72 per cent in the session.

In the last five session, the Sensex plummeted 4,091.53 points or close to 5 per cent, while the Nifty plunged close to 1,200 points or 4.76 per cent. Prashanth Tapse, Senior VP (Research), Mehta Equities Ltd, said, "Nifty is witnessing a relief rally today after last week's sell-off, but caution still lingers with FIIs selling."

Foreign Institutional Investors (FIIs) dumped Indian equities worth Rs 3,597.82 crore on Friday, according to official exchange data. The global oil benchmark Brent crude climbed 0.47 per cent to touch $73.28 a barrel. 

In the last trading session on Friday, the Sensex took a fall of 1,176.46 points or 1.49 per cent and closed at 78,041.59. Meanwhile, the Nifty registered a decline of 364.20 points or 1.52 per cent and settled for the day at 23,587.50.