Stock Market Today: Nifty Snaps Three-Day Decline As ICICI Bank, ITC Shares Lead

India's benchmark indices reversed over three day losses on Monday, buoyed by financial stocks. Shares of ITC Ltd. and Hindustan Unilever Ltd. also contributed to the gains, primarily led by ICICI Bank and other banks including HDFC Bank and Kotak Mahindra Bank.

The NSE Nifty 50 closed 84.25 points or 0.34% higher, at 24,936.40 to snap a three-day fall. The S&P BSE Sensex closed 375.61 points or 0.46%, up at 81,559.54, reversing a four-day decline.

Shares of ONGC Ltd. and Tech Mahindra Ltd. contributed the most losses to the Nifty.

Most sectoral indices declined, with Nifty Oil & Gas contributing to the most losses.

Broader markets underperformed benchmark indices. The BSE Midcap and Smallcap indices ended 0.28% and 0.65% lower, respectively.

On BSE, 14 sectors ended lower, and six advanced out of 20. The BSE Oil & Gas declined the most, and the BSE FMCG emerged as the top performing sector.

Market breadth was skewed in favour of sellers. Around 2,371 stocks declined, 1,667 stocks declined, and 143 stocks remained unchanged on BSE.

• Rupee closed flat at 83.95 against the US dollar.

• It closed at 83.95 on Friday.

Source: Bloomberg

• The NSE Nifty 50 snapped three-day losing streak.

• The BSE Sensex reversed four-day of losing streak.

• ICICI Bank Ltd., ITC Ltd., and Hindustan Unilever Ltd. were top gainers.

• Oil and Natural Gas Corp, Tech Mahindra Ltd., NTPC Ltd. were top losers.

• The NSE Nifty FMCG rose to record high tracking gains in Hindustan Unilever Ltd. 

• Bajaj Housing Finance Ltd.'s initial public offer was subscribed fully on first day. 

• Ola Electric Mobility Ltd. fell over three-week low as anchor investors sold stakes.

• JSW Infrastructure Ltd. approved investment in Bhoke Railway Project on Konkan Route worth Rs 125 crore.

• Approves capacity expansion at Jaigarh Port and Dharamtar Port for Rs 2,234 crore.

Source: Exchange filing