Sensex & Nifty Bounce Back From Early Decline, Sensex Gains 286 Points to Reach 79,992

Indian indices Sensex & nifty have bounced back from their early lows at mid-morning on Monday. Around 11:30 am, sensex stood at 79,992.65, which increased by 286.74 points. It was higher by 0.36 percent.

Simultaneously, nifty also witnessed a positive trend, as the benchmark indices stood at 24,462.30, which increased by 94.80 points. Nifty registered 0.39 percent.

The ones who gained the most in Nifty were JSW Steel, Grasim, HDFC Bank, Infosys & Axis Bank. In contrast, companies like Apollo Hospitals, Adani Enterprises, Adani Ports, NTPC, and Power Grid Corporation were the ones who lagged in their performance.

Also Read: Sensex Opens In Red; Down By 246.38 Points (-0.31%), Trading At 79,459.53

Meanwhile, the BSE sensex and Nifty 50 have also managed to bounce back during mid-day trading. BSE Sensex had now increased to 79,909 points, thus it now stands at 207 points. While Nifty 50 has now increased by 56.05 points.

Earlier today, the trading began at cautious sentiment, as markets began its day with lower figures, Nifty 50 began its day with 24,320.05, which got decreased by 47.45 points or 0.19 per cent, but the BSE sensex on the other hand, witnessed a drastic fall, as it opened at 79,296.67, which was down by 409.24 points or 0.69 per cent.

According to the experts, the come back of indices reflects the resilience of market and highlights, that  broader investor sentiment remains largely unaffected by the Hindenburg report, as both indices entered in green territory during the mid-day.

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Even the stocks of the Adani Group, which were anticipated to be most impacted, showed only minor fluctuations. Thus, reinforcing the market’s disregard for the report.