Sensex Surges And Nifty Ends Above 18,000 To Stall A 4-Day Bear Run
NDTV
Stock Market India: Equity benchmarks reversed course to rally sharply on Monday in a low-volume session, stalling a four-day losing streak.
Indian equity benchmarks reversed course to rally sharply on Monday in a low-volume session, stalling a four-day losing streak, even as fears remain over China's ability to adapt after abandoning its Covid Zero policy and quelled the appetite for risk-taking.
Bouncing back from four days of losses and a weaker opening, the 30-share BSE Sensex index rallied 721.13, or 1.2 per cent, to close at 60,566.42, and the broader NSE Nifty-50 index rose 207.80 points, or 1.17 per cent, to end at 18,014.60.
The domestic stocks rallied despite cautious trading and reduced liquidity with many markets closed for holidays.
"I expect the markets to recover sharply as the punishment meted out on Thursday and Friday was unwarranted", G Chokkalingam, Founder and Head of Research at Equinomics Research and Advisory, told Reuters.
