Stock markets rebounded sharply on Monday, with the benchmark Sensex surging 943 points, driven by value buying in blue-chip oil & gas, banking and auto stocks, after witnessing heavy selling pressure during the Budget-day session.
The 30-share benchmark index ended at 81666.46 up by 943.52 points or by 1.17 % and then NSE Nifty was at 25088.4 up by 262.95 points or by 1.06 %.
Sensex touched intraday high of 81732.25 and intraday low of 80387.25 The NSE Nifty touched intraday high of 25108.1 and intraday low of 24679.4
The top gainers of the BSE Sensex pack were Power Grid Corporation of India Ltd. (Rs. 270.15,+7.61%), Adani Ports & Special Economic Zone Ltd. (Rs. 1402.90,+4.76%), Bharat Electronics Ltd. (Rs. 439.10,+3.33%), Reliance Industries Ltd. (Rs. 1390.15,+3.28%), Mahindra & Mahindra Ltd. (Rs. 3463.25,+2.97%), among others.
The top losers of the BSE Sensex pack were Axis Bank Ltd. (Rs. 1311.60,-2.00%), Infosys Ltd. (Rs. 1629.00,-1.85%), Tata Consultancy Services Ltd. (Rs. 3168.45,-0.52%), Trent Ltd. (Rs. 3713.70,-0.47%), Titan Company Ltd. (Rs. 3980.00,-0.27%), among others.
Power index was at 6389.69 up by 158.3 points or by 2.54%. Power Grid Corporation of India Ltd. (Rs. 270.15,+7.61%), Hitachi Energy India Ltd. (Rs. 19048.00,+5.14%), Adani Green Energy Ltd. (Rs. 842.80,+4.64%), Siemens Ltd. (Rs. 3090.00,+3.66%), Bharat Heavy Electricals Ltd. (Rs. 258.10,+2.44%),.
IT index was at 36605.61 down by -252.65 points or by -0.69%. Onward Technologies Ltd. (Rs. 327.00,-5.87%), Intellect Design Arena Ltd. (Rs. 832.50,-5.72%), AXISCADES Technologies Ltd. (Rs. 1120.20,-5.00%), Rashi Peripherals Ltd. (Rs. 351.75,-3.75%), Netweb Technologies India Ltd. (Rs. 3196.90,-3.29%),.
The Market breadth, indicating the overall strength of the market, was weak. On BSE out of total shares traded 4647 , shares advanced were 2121 while 2345 shares declined and 181 were unchanged.