Sensex Jumped 939 Points as Nifty Reclaims 23,400
Sensex Jumped 939 Points as Nifty Reclaims 23,400
Indian benchmarks rebound as heavyweight names lift the market, with Sensex up 939 points and Nifty back above 23,400 amid volatility and cautious optimism.
Indian equity benchmarks staged a sharp rebound on Monday after a three-session slide, with the Sensex jumping 938.93 points (1.26%) to close at 75,502.85 and the Nifty50 rising 257.70 points (1.11%) to settle at 23,408.80. The rally was led by buying interest in heavyweight names such as HDFC Bank Ltd, Reliance Industries Ltd, ICICI Bank Ltd, State Bank of India, Mahindra & Mahindra, Bajaj Finance Ltd, ITC, UltraTech Cement Ltd, Axis Bank Ltd, and Eternal Ltd. These gains helped lift the headline indices higher and provided a much-needed cushion amid recent volatility.
The broader market, however, did not participate as strongly. The Nifty Midcap 100 declined 0.27% and the Nifty Smallcap 100 slipped 0.53%, underscoring the uneven breadth of the day’s rally. Among individual movers, ITI Ltd, Mangalore Refinery and Petrochemicals Ltd (MRPL), Paisalo Digital Ltd, CSB Bank Ltd and Ganesha Ecosphere Ltd jumped up to 18.50%, while IDBI Bank Ltd, TTK Prestige Ltd, Bandhan Bank Ltd, Westlife Foodworld Ltd and Adani Total Gas Ltd fell as much as 16.49%.
Market sentiment remained cautious despite the rebound. Veteran market observer Arun Kejriwal advised investors not to panic in the face of ongoing volatility, urging patience and suggesting that March-end could bring greater clarity. He warned against knee-jerk selling or over-optimistic cherry-picking, signaling that a clearer directional view may emerge by the end of March or early April.
The session highlighted the tug-of-war between risk appetite and risk-off cues, with gains concentrated in a handful of heavyweight names while the broader market showed mixed participation. As global cues remain variable and domestic factors stay in play, investors are likely to balance fresh signals with risk management in the days ahead.
