Stock market benchmark indices Sensex and Nifty rebounded sharply by 3 per cent on Monday after India and Pakistan announced reaching an understanding to stop all firings and military actions on land, air and sea.
At 12:40 hours, the 30-share benchmark index was trading at 81929.81 up by 2475.34 points or by 3.12 % and then NSE Nifty was at 24702.45 up by 694.45 points or by 2.89 %.
Sensex touched intraday high of 82017.35 and intraday low of 80651.07 The NSE Nifty touched intraday high of 24745.75 and intraday low of 24378.85
The top gainers of the BSE Sensex pack were HCL Technologies Ltd. (Rs. 1646.25,+4.86%), Infosys Ltd. (Rs. 1580.25,+4.83%), Eternal Ltd. (Rs. 237.60,+4.69%), Adani Ports & Special Economic Zone Ltd. (Rs. 1364.55,+4.40%), Tata Steel Ltd. (Rs. 149.00,+4.38%), among others.
The top losers of the BSE Sensex pack were IndusInd Bank Ltd. (Rs. 796.00,-2.67%), Sun Pharmaceutical Industries Ltd. (Rs. 1699.10,-2.62%), among others.
IT index was at 36796.3 up by 1642.61 points or by 4.67%. Netweb Technologies India Ltd. (Rs. 1763.00,+11.83%), Datamatics Global Services Ltd. (Rs. 617.25,+10.08%), Zaggle Prepaid Ocean Services Ltd. (Rs. 371.60,+9.86%), Intellect Design Arena Ltd. (Rs. 921.20,+9.50%), Magellanic Cloud Ltd. (Rs. 72.41,+9.13%),.
HCS index was at 41612.52 down by 389.92 points or by 0.95%. Sun Pharmaceutical Industries Ltd. (Rs. 1699.10,-2.62%), Ajanta Pharma Ltd. (Rs. 2490.00,-1.97%), Eris Lifesciences Ltd. (Rs. 1429.85,-1.86%), Concord Biotech Ltd. (Rs. 1516.90,-1.48%), Poly Medicure Ltd. (Rs. 2494.70,-1.39%),.
The Market breadth, indicating the overall strength of the market, was weak. On BSE out of total shares traded 4268 , shares advanced were 3499 while 583 shares declined and 186 were unchanged.