Stock Market: Sensex Snaps 3-Day Losing Run, Rises 327 Points, Nifty Ends Above 15,800; Consumer Stocks Lead

Stock update: On the BSE, HUL, Britannia Industries, IndusInd Bank, ITC, Power Grid, and ICICI Bank were the top gainers on the 50-pack index, up between 2 per cent and 4 per cent

Sensex and Nifty, the two key equity benchmarks, on Monday halted their 3-day losing streak and settled higher in volatile trade, taking positive cues from global market. The domestic indices rose during the late deals due to gains in consumer, banking, and financial stocks.

The 30-share BSE Sensex rose 327 points (0.62 per cent) lower to close at 53,235, while the broader NSE Nifty moved 83 points (0.53 per cent) higher to settle at 15,835. Sensex swung in a band of 627 points during the session.

In the broader markets, Midcap and Smallcap shares finished on a strong note as Nifty Midcap 100 soared 0.69 per cent and Small-cap climbed 0.64 per cent.

On the BSE, HUL, Britannia Industries, IndusInd Bank, ITC, Power Grid, and ICICI Bank were the top gainers on the 50-pack index, up between 2 per cent and 4 per cent. On the flipside, ONGC, Tata Steel, TCS, JSW Steel, and Cipla were the laggards, down up to 4 per cent.

On NSE, nine out of the 15 sector gauges settled in the green. Sub-index Nifty FMCG, Nifty Consumer Durables, Nifty Bank, and Nifty Financial Services outperformed the NSE platform by rising as much as much as 2.66 per cent, 0.77 per cent, 1.20 per cent, and 0.93 per cent, respectively.

The overall market breadth stood positive as 2,026 shares advanced, while 1,360 declined on the BSE.

In their previous trading on Friday, Sensex had declined 111 points (0.21 per cent) lower to close at 52,908, while Nifty had moved 28 points (0.18 per cent) lower to settle at 15,752.

Elsewhere in Asia, markets in Tokyo and Shanghai ended in the green, while Seoul and Hong Kong settled lower. European stocks climbed on Monday with the pan-European Stoxx 600 index adding 0.6 per cent. The US markets were closed for a holiday.

"As we step towards the new earnings season, the prime focus of the market will turn towards quarterly numbers and updated guidance for the new financial year," said Vinod Nair, Head of Research at Geojit Financial Services.

Meanwhile, international oil benchmark Brent crude dipped 0.50 per cent to $111 per barrel.

Foreign institutional investors (FIIs) remained net sellers in the capital market, as they sold shares worth Rs 2,324.74 crore on Friday, as per exchange data.