Market posted strong gains, most of Adani Group stocks recover
At close, the Sensex was up 1,961.32 points or 2.54% at 79,117.11, and the Nifty was up 557.35 points or 2.39% at 23,907.25.
The key equity indices traded slightly lower during the afternoon session of the trade on Monday, following its Asian peers. Investor sentiments were also weighed by uncertainty due to a partial US government shutdown and a slowdown in global growth.
“US markets fell close to 10 per cent in just a week so domestic markets are taking cues from the weakness in the global markets,” Astha Jain, Senior Analyst, Hem Securities.
Export-oriented IT, healthcare and Teck stocks on BSE gained while index pivotal finance traded lower.
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At 1.24 p.m., BSE Sensex traded 39.25 points or 0.11 per cent lower at 35,702.82 after touching a high of 35,910.67 and a low of 35,616.55. The Nifty traded 16.30 points or 0.15 per cent lower at 10,737.70.
The domestic currency which closed at 70.15 per US dollar, traded on a flat note.
The benchmark Brent Crude prices declined earlier in the day but rose slightly at 54.10 a barrel later.
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