Markets Ends Higher Snap Two Day Losing Streak

Top Stories

Company

L&T Partners with PS Technology to Revolutionise Railways

6 mins read. August 2, 2024 at 12:45 PM

Company

Jindal Saw Q1 FY24 PAT Rises 67% to Rs 441 Cr

4 mins read. August 2, 2024 at 12:41 PM

Company

Pfizer Q1 FY25 PAT Zooms 61% to Rs 151 Cr

4 mins read. August 2, 2024 at 12:36 PM

Stock chart

Markets ends higher, snap two-day losing streak

ri-calendar-2-lineMar 27, 2023

By: BlinkX Research Team

FbkFbkTwitterTelegram

Benchmark indices closed higher on Monday, snapping its two days of losses, as global authorities took steps to contain the banking turmoil, helping dispel some of the contagion fears. 

The Nifty 50 index closed 0.24% higher at 16,985.70, and the S&P BSE Sensex was up 0.22% to 57,653.86. The benchmarks rose nearly 1% in intraday trade before trimming gains in a volatile session. 

Volatility index (VIX) rose to an intraday high of 16.09 before closing at 15.45, a one-week high.

Among sectoral indices, five of the 13 major sectoral indexes advanced, with Nifty Pharma leading gains with a 1% increase. The Nifty Bank closed flat after trading in a range of more than 400 points, power stocks slipped on concerns related to demand and diagnostic stocks moved higher as COVID cases rose, with Metropolis up over 2 per cent.

ICICI Bank and Axis Bank were among the top draggers for Nifty, while Reliance, Infosys, and HUL supported the index.

Meanwhile, the market capitalization of BSE companies slipped to the lowest level since July 15, 2022 with these companies in total, erasing market cap of more than Rs 1.20 lakh crore.
 

Related News

News Thumbnail
Market

SEBI Launches Version Beta of Settlement Calculator

2 mins read. June 3, 2024 at 05:53 AM

News Thumbnail
Market

NSE Arm NSE Indices Launches India’s First EV Index

3 mins read. May 31, 2024 at 01:14 PM

News Thumbnail
Market

RBI Bars Edelweiss ARC from Acquiring Financial Asset

2 mins read. May 31, 2024 at 09:33 AM

News Thumbnail
Market

RBI Launches G-Secs App, PRAVAAH Portal, FinTech Repository

3 mins read. May 31, 2024 at 04:52 AM

Related Blogs

Stock chartDemat Account

Biggest Winners and Losers in MSCI: Key Movers in Global Indices 2025

0 people read

3 mins read . Aug 20, 2025

Stock chartMutual Fund

What MF Big Boys Bought and Sold – Top Mutual Fund Stock Activity in 2025

0 people read

8 mins read . Aug 18, 2025

Download app

Access BlinkX
everywhere
across device

Join the Future of Trading

with BlinkX

#ItsATraderThing

Open Trading Account
Verify your phone
+91
*By signing up you agree to our terms & conditions