Stock Market Closing Bell: The benchmark Indian equity indices gave up most of their earlier gains towards the end of Monday’s trading session but still managed to close in positive territory amid mixed market sentiments.
The BSE Sensex, which scaled an intra-day high of 81,171.38, ended the day at 80,787.30, up 76.54 points or 0.09 per cent. Meanwhile, the NSE Nifty 50 settled at 24,773.15, rising 32.15 points or 0.13 per cent, after fluctuating between 24,885.50 and 24,751.55 during the day’s trade.
Broader markets also showed resilience with the Nifty Midcap 100 index gaining 0.50 per cent and the Nifty Smallcap 100 index rising 0.16 per cent.
Among sectors, auto stocks outperformed the broader market as the Nifty Auto index surged 3 per cent, driven by strong buying in Bharat Forge, Ashok Leyland, Motherson Sumi, and Tata Motors. This rally in auto shares helped support the broader indices despite pressure from other sectors.
