Stock market recovers after series of slumps

The stock market gained after a series of declines September 25. The Sensex was up 835 points and the Nifty is up 244 points. The Indian market also bounced back on the back of a boom in global markets.

The Sensex ended at 37,388 points. It had dropped to 36,730.52 points in the morning session but gained since then. The Nifty was back up above 11,000 points. Similarly, the Nifty closed at 11,050 points. The Nifty fell to 10,854 points in the morning session and advanced 200 points.

Most of the 50 stocks in the Nifty gained on the day. Forty-seven stocks gained while three stocks lost. Bajaj Finserv, HCL Tech, Cipla, Bharti Airtel and L&T were the top gainers on the day. Bajaj Finserv gained 6.60 per cent. Shares of HCL Tech, Cipla, Bharti Airtel, L&T, IndusInd Bank, Grasim Industries and Adani Ports gained over 4 per cent.

SBI Life, BPCL and UPL were the only three Nifty stocks to lose ground. Zee Ltd lost 6.60 per cent.

Auto and IT stocks were the top gainers on the day. The Nifty Auto Index gained 3.38 per cent and the Nifty IT Index gained 3.46 per cent. Bank, FMCG and pharma stocks also gained.