Sensex recovers 500 points from day’s low, Nifty 50 moves above 24,100
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Around 10:40 AM, the Sensex was trading at 77,406.48, down 162.91 points or 0.21 per cent, while the Nifty 50 stood at 24,150.65, lower by 56.25 points or 0.23 per cent.
✨ Key Takeaways
Indian benchmark equity indices recovered from early losses on Monday as investors stepped in to buy stocks at lower levels. The Sensex rebounded nearly 500 points from the day’s low, while the Nifty 50 moved back above the 24,100 mark after finding support near the 24,000 level.
The BSE Sensex opened under pressure and declined 711.96 points, or 0.91 per cent, to hit an Intraday low of 76,857.43. The NSE Nifty 50 also slipped 206.7 points, or 0.85 per cent, to touch the day’s low of 24,000.20.
However, buying interest at lower levels helped indices recover. Around 10:40 AM, the Sensex was trading at 77,406.48, down 162.91 points or 0.21 per cent, while the Nifty 50 stood at 24,150.65, lower by 56.25 points or 0.23 per cent.
Among Nifty 50 stocks, InterGlobe Aviation, Tata Steel, and Maruti Suzuki India were among the Top Losers.
In the broader market, the Nifty MidCap index declined 0.29 per cent, while the Nifty SmallCap index gained 0.05 per cent.
Sector-wise, the Nifty Metal index witnessed the sharpest decline. The Nifty Financial Services, Nifty Bank, and Nifty Auto indices also remained under pressure. Meanwhile, the Nifty IT and Nifty Pharma indices outperformed the broader market.
Disclaimer: The article is for informational purposes only and not investment advice.