Stock Market Today: Sensex, Nifty Up 1% Each; ICICI Bank Top Gainer

The Indian stock market bounced back sharply as it erased all the previous session losses, with Nifty closing above 22,600 amid buying seen across the sectors, barring realty. At close, Sensex was up 941.12 points or 1.28 percent at 74,671.28. Nifty jumped 223.45 points or 1 percent at 22,643.40.

Except for realty, all other sectoral indices ended in the green with healthcare, metal, power, bank, and oil & gas up 0.4-2 percent. The BSE midcap index was up 0.8 percent and the smallcap index ended flat.

Top Nifty50 Gainers

• ICICI Bank: 4.38%
• IndusInd Bank: 2.98%
• State Bank of India: 2.96%
• UltraTech Cement: 2.78%
• Axis Bank: 2.60%

Also read: Why Apollo Hospitals Share Price Tumbled?

Top Nifty50 Losers

• HCL Tech: -5.80%
• Apollo Hospitals: 4.66%
• Bajaj Auto: -2.28%
• HDFC Life Insurance: -2.19%
• Hero MotoCorp: -0.90%

Asian Markets

Australia’s S&P/ASX 200 climbed by 0.81 percent to reach 7,637.40, recovering from losses seen on Friday. The Kospi in South Korea increased by 1.17 percent, finishing at 2,687.44, while the small-cap Kosdaq saw a gain of 1.51 percent, closing at 869.72. Hong Kong’s Hang Seng index experienced a 0.66 percent rise, and China’s CSI 300 added 1.11 percent to end at 3,623.91, marking its highest point since November 6, 2023, as reported by CNBC.com.

European Markets

European stocks reached a peak for the past two weeks on Monday, building on the momentum from last week’s solid performance. Investors were closely monitoring eurozone economic indicators and a significant policy decision from the United States. The broad European index, STOXX 600, rose by 0.3 percent following its first weekly increase in four weeks on Friday. However, the STOXX 600 saw a slowdown in April, marking a contrast to five consecutive months of growth, due to factors such as historically high interest rates, ongoing tensions in the Middle East, and the European Central Bank’s policy stance, as reported by Reuters.

Source: NSE, BSE

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