On Monday, the Indian benchmark equity indices ended their eight-day losing skid by reversing their early losses and ending the intraday trading session higher.
The Sensex ended the day at 75,996.86, up 0.08 percent, or 57.65 points, from its closing price.
The Sensex reached an intra-day high of 76,041.96 and was over 702.10 points higher than its intra-day low of 75,294.76.
In a same vein, the Nifty closed the day at 22,959.50, up 30.25 points or 0.13 percent. Throughout the session, the index fluctuated between 22,974.20 and 22,725.45.
Adani Enterprises led the gains with a roughly 4% increase, while 34 of the 50 firms that comprise the Nifty index closed the day in the green.
Adani Ports, Bajaj Finance, Power Grid, and IndusInd Bank were among the leading winners.
However, ICICI Bank, TCS, Infosys, Bharti Airtel, and Mahindra & Mahindra were among the biggest losers, with their shares dropping as much as 3.45%.
The second half of the trading day saw a comeback in the larger markets as well.
While the Nifty Smallcap100 index ended with a slight increase of 0.04 percent, the Nifty Midcap100 index closed with a gain of 0.39 percent.
Pharma, banks, financial services, healthcare, OMCs, consumer durables, and metals were among the NSE sectors that saw encouraging trends.
The top-performing Nifty Pharma index increased 1.27 percent during the session, with Ajanta Pharma and Glenmark Pharma driving the gains.
Nonetheless, there were final decreases of up to 0.71 percent in the Nifty Auto, FMCG, IT, and Media indices.
Experts claim that recent changes in international regulations, particularly those coming out of the US, are making foreign institutional investors (FIIs) feel insecure, which is causing them to change their investment plans in fast-paced economies like India.
Investor concern has also been exacerbated by the current high valuations in the Indian stock market, according to Waterfield Advisors’ Vipul Bhowar.
Both indices saw large losses last week as their two-week winning streak came to an end.
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