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Labrish
Nyuuz
Sensex climbs 443 points as banking majors drive market rebound after losses
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[QUOTE="Munyaradzi Mafaro, post: 53842, member: 636"] Indian equities rebounded Monday after several sessions of decline. The Sensex advanced 442.61 points to finish at 82,200.34, marking a 0.54 percent gain. Banking stocks drove the recovery as major financial institutions reported strong quarterly results. The Nifty50 index climbed 122.30 points to close at 25,090.70. Manufacturing shares strengthened on government infrastructure spending reviews. Banking sector leadership emerged as Bank Nifty surged 430 points higher. Zomato, ICICI Bank, and HDFC Bank led gainers while technology and consumer goods stocks declined. Broader market indices posted significant advances with midcap and smallcap segments rallying strongly. Auto sector shares gained 0.67 percent during trading. Twenty-eight Nifty constituents rose against twenty-one decliners. Currency markets saw the rupee weaken to 86.25 against the dollar. Ongoing US-India trade discussions created market uncertainty despite positive earnings momentum. Investors await Federal Reserve Chairman Powell's upcoming speech for direction. Manufacturing and Services PMI data releases will provide economic guidance this week. [/QUOTE]
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Nyuuz
Sensex climbs 443 points as banking majors drive market rebound after losses
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