MUMBAI: Stock markets snapped the eight-day losing run in a volatile session on Monday with benchmark sensex closing higher by 57 points on the back of value buying in blue-chip stocks HDFC Bank and Reliance Industries.
Helped by fag-end buying, the 30-share BSE sensex climbed 58 points to settle at 75,997. During the day, the barometer tanked 644 points to 75,298. The NSE Nifty rebounded 30 points to 22,960.
Reports that the US and India will meet soon to decide on broad contours of a trade agreement for reducing tariffs supported buying in metal, pharma and financial shares, analysts said.
From the 30-share blue-chip pack, Bajaj Finserv, Power Grid, IndusInd Bank, Adani Ports, UltraTech Cement, HDFC Bank, Zomato and Tata Motors were among the major gainers. Mahindra & Mahindra, Bharti Airtel, Tata Consultancy Services, Infosys, ICICI Bank, and ITC were the biggest laggards.
Foreign portfolio investors offloaded equities worth Rs 4,294.7 crore on Friday, according to exchange data. Total outflow by FPIs touched Rs 99,299 crore, near Rs 1 lakh crore, in 2025 so far, data with the depositories showed. agencies
