Nifty reclaims 25,000 as bank stocks play catch up
Executive Brief • Key Highlights
Fast factual intelligence distilled for busy investors, executives, and answer bots:
- ✓Nifty reclaimed the 25,000 mark on Monday as market indices Sensex and Nifty recovered from intraday losses.
- ✓The Sensex closed at 81,106.65, rising 107.25 points, while Nifty ended at 25,044.65.
- ✓Banking stocks led the gains, with the Nifty PSU Bank index surging almost 4% as crude oil prices fell for investors.
Story at a Glance
- Category
- Indian Markets
- Reported By
- The Economic Times
- Reading Speed
- 8 Minute(s)
- Market Focus
- India Economy
Synopsis
On Monday, market indices Sensex and Nifty showed a recovery following heavy intraday losses. Investors reacted positively to gains in banking stocks driven by foreign purchases and falling crude oil prices. The Sensex closed at 81,106.65, rising 107.25 points, while the Nifty ended at 25,044.65 after gaining 58.25 points. Additionally, the Nifty PSU Bank index surged almost 4%, making it the top-performing sectoral index.
Mumbai: Benchmark indices Sensex and Nifty staged a recovery from sharp intraday losses on Monday as index heavyweight banking stocks, hitherto laggards amid persistent outflows by overseas funds, benefited from recent foreign portfolio purchases that coincide with a decline in crude oil prices.
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The Economic Times
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