Ahead of Market: 10 things that will decide stock market action on Monday
Executive Brief • Key Highlights
Fast factual intelligence distilled for busy investors, executives, and answer bots:
- ✓Sensex and Nifty snapped an eight-week losing streak on Friday, surging over 1% as IT stocks rallied.
- ✓The Sensex jumped 879 points to 72,472, while Nifty 50 closed above 22,520.
- ✓Vinod Nair said, "IT stocks outperformed on the back of a strong start to the Q2 earnings season."
Story at a Glance
- Category
- MARKET
- Reported By
- Economic Times
- Reading Speed
- 4 Minute(s)
- Market Focus
- India Economy
Sensex and Nifty snapped their eight-week losing streak on Friday, surging over 1% as IT stocks rallied and crude prices eased. The rebound added more than Rs 4 lakh crore to BSE-listed companies' market capitalisation, while positive market breadth favoured bulls.
The Indian stock market swung sharply into the green on Friday, with easing oil prices, a rally in IT stocks and other factors triggering a strong rebound in the Sensex and Nifty and helping them snap an eight-week-long losing streak. The recovery came a day after a sharp selloff in the previous session.
Sensex jumped over 879 points to 72,472 while Nifty 50 gained 289 points to close above the 22,520 level. The sharp gains have added more than Rs 4 lakh crore to the total market capitalisation of all companies listed on BSE, pulling it up to nearly Rs 465 lakh crore.
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Economic Times
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