Bank stocks lead market recovery as Nifty closes above 25,000
Mumbai: Benchmark indices Sensex and Nifty staged a recovery from sharp intraday losses on Monday as index heavyweight banking stocks, hitherto laggards amid persistent outflows by overseas funds,…
Attributed summary
Mumbai: Benchmark indices Sensex and Nifty staged a recovery from sharp intraday losses on Monday as index heavyweight banking stocks, hitherto laggards amid persistent outflows by overseas funds, benefited from recent foreign portfolio purchases that coincide with a decline in crude oil prices.The Sensex climbed nearly 600 points from its day's low, while the Nifty regained the psychologically important 25,000 mark, helping investors look past profit-taking in select sectors. The…
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