Indian equity markets closed the session on a higher note. The Nifty 50 closed the session 0.49% higher at 25,090, and the Sensex ended the day 440 points higher at 82,200.
Outperforming the overall markets, the Nifty Bank settled over 670 points higher at 56,950.
In line with the overall market sentiments, the BSE Midcap closed the trade 260 points, or 0.55%, higher at 47,000. On the other hand, the BSE Smallcap closed flat at 55,281.
“The Nifty remained volatile during the day as traders awaited more clarity on the US-India deals. During the session, Nifty found support around the 50 EMA on the daily timeframe, leading to an intraday recovery. The RSI continued to show a bearish crossover on the daily chart, indicating weak momentum,” said Rupak De, Senior Technical Analyst at LKP Securities.
“Going forward, 24,900 remains a crucial support level for the index; a decisive fall below this level is likely to empower the bears. On the other hand, resistance is placed at 25,200–25,260,” De added.
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5 big highlights from today’s market action-
Indices in intraday trade
The indices closed Monday’s session on a flat note. During the session, out of 3,075 trading stocks, 1,492 advanced, while 1,484 declined, and 99 remained unchanged. Today, 84 stocks hit a fresh 52-week high. Meanwhile, 29 stocks touched a new 52-week low.
Top gainers
Zomato was the top gainer in the Nifty 50 in Monday’s session, closing 7.5% higher. It was followed by ICICI Bank, HDFC Bank, Mahindra & Mahindra, and HDFC Life.
Top losers
Meanwhile, the shares of Reliance Industries were the biggest losers in today’s trade. It was followed by Wipro, IndusInd Bank, Eicher Motors, HCL Technologies, and many others.
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The Adventz Group’s market capitalisation has jumped the most in Monday’s trade, gaining 5.64%. In the list of Adventz Group stocks, Paradeep Phosphates gained up to 8.2%. Further, Nagarjuna Group followed the list, whose market cap increased by almost 4.1% and Modis Group’s market cap increased by 2.55%,
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