Indian Markets Witness Strong Recovery: Nifty and Sensex Rebound

21 Dec 2023 , 01:11 PM

In a remarkable turnaround, the Indian market has demonstrated a robust recovery, with both Nifty and Sensex staging an impressive rebound from their opening lows. As of 1 pm:

Sensex Performance: The Sensex has surged by 299.23 points or 0.42 percent, reaching 70,805.54.

Nifty Performance: The Nifty has gained 90.60 points or 0.43 percent, standing at 21,240.80.

Market Statistics: The market reflects positive momentum, with 2341 shares advancing, 851 shares declining, and 87 shares remaining unc

Market Breadth Favors Gainers: The breadth of the market is in favor of gainers, with mid and small-cap stocks showing notable strength.

Top Nifty Gainers: Among the top Nifty gainers contributing to the rebound are Britannia, Power Grid, HDFC Bank, Eicher, and RIL.

Notable Losers: On the other hand, some notable losers include Axis Bank, Cipla, L&T, SBI Life, Bajaj Auto, and ICICI Bank.

Sector-wise Performance:

1. Oil & Gas Sector: The oil & gas sector is leading the gains, reflecting a 1% increase.
2. Power Sector: Similar positive momentum is observed in the power sector, with a notable 1% rise.
3. Midcap and Smallcap Indices: Both the BSE Midcap and Smallcap indices are showing significant gains, each marking a 1% increase.