Stocks recover from lows as banks support market stability
after close1 source ↓written by the desknot a recommendation
- 85,213
- 26,027
- per US dollar
- ₹90.79
- Bank index rose
- 72 points
- 60,213
The stock market ended largely flat on Monday, with the Sensex down 54 points at 85,213 and the Nifty 50 down 20 points at 26,027. Gains in banking stocks, particularly IDFC First Bank and Federal Bank, helped cap losses despite the rupee hitting a record low of ₹90.79 per US dollar. The Nifty Bank index rose 72 points to 60,213.
Market breadth was marginally positive with a 1:1 NSE advance-decline ratio, indicating selective buying in IT stocks as well. Immediate market implications suggest a cautious sentiment amid currency weakness.
Not investment advice. For informational purposes only.