Big ups and downs in the Stock Market: After the fall, Sensex made a tremendous comeback of 550 points

The stock market (Stock Market) took a dramatic turn on the first trading day of the week, Monday. BSE Sensex and NSE Nifty started in the red, with Sensex falling by 400 points as the market opened. However, after a brief period of decline, the stock market suddenly reversed, transforming the losses into gains.

On one hand, the Sensex made a powerful comeback, leaping over 550 points to cross the 80,000 mark once again, while the Nifty also marked a remarkable return.

Stock Market: Rapid Surge in Sensex-Nifty

When the stock market opened on Monday, the Sensex started with a decline, dropping 400 points within minutes. However, by the time of this report, the 30-share Bombay Stock Exchange (BSE) Sensex was trading up by 558 points, reaching the level of 80,043.71. Meanwhile, the Nifty index of the National Stock Exchange (NSE) surged 170 points within the first hour and a half of trading, hitting 24,317.

Stocks Supporting the Market

Let’s look at the stocks that helped boost the market. In the BSE large-cap category, PowerGrid’s shares rose by 4.41%, Tata Motors by 2.83%, and TCS by 2%, all trading at a gain. Additionally, Tech Mahindra (1.63%), HDFC Bank shares (1.51%), and ICICI Bank (1.10%) also showed positive momentum.

Strong Rally in Banking Stocks

Banking stocks also played a significant role in supporting the market. Among other stocks in this category, HCL Tech, Infty, Maruti, NTPC, ITC, Bharti Airtel, and Ultratech Cement were all trading in the green. HDFC Bank and ICICI Bank, along with SBI, Axis Bank, Kotak Bank, and IndusInd Bank, saw approximately a 1% increase in share prices.

Mid-cap and Small-cap Stocks on the Rise

In the mid-cap category, Endurance shares surged by 6.73%, Biocon by 6.25%, Prestige by 3.66%, and MRF by 2.76%. Among small-cap companies, Pixtrans shares rose by 20%, VHL by 15.48%, ITI by 9.63%, and IFCI by 7%, all showing a strong upward trend.

Sensex Plunged Last Week

Looking back at last week’s market performance, the BSE benchmark index Sensex (Sensex) fell by 4,813 points within just five trading days. From a high of 84,200 on September 30, the index fell to 79,486 on November 8. NSE Nifty also struggled to recover, closing at 24,248.20 last Friday with a notable loss.

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