Sensex Today | Stock Market Live: GIFT Nifty indicates a muted start; US, Asian markets mixed
Market on Monday | Markets snap 3-day losing streak; Nifty ends near 24,100, Sensex jumps 639 pts
Indian equity benchmarks snapped a three-day losing streak to close around 0.5% higher, supported by improving global sentiment after reports that Iran had offered a plan to the United States to reopen the Strait of Hormuz.
At close, the Sensex was up 639.42 points or 0.83 percent at 77,303.63, and the Nifty was up 194.75 points or 0.81 percent at 24,092.70.
Broader markets outperformed, with the Nifty Midcap index rising 1.5% and the Smallcap index gaining 1.9%.
On the Nifty, major gainers included Sun Pharma, Tech Mahindra, Reliance Industries, Wipro, and Jio Financial Services. On the other hand, laggards included Shriram Finance, Axis Bank, Bharat Electronics, ICICI Bank, and Tata Consumer Products.
Sectorally, the rally was widespread, with healthcare, IT, realty, media, consumer durables, pharma, and power indices advancing nearly 2% each.