Closing Bell: Market rebounds from four day losing streak, Sensex surges by 533 points, Nifty ends at 17,693.

Closing Bell, Market rebounds from four day losing streak, Sensex surges by 533 points, Nifty ends at 17,693 on October 4.

Domestic equity indices snapped the 4-day losing streak on Monday, October 4, 2021. The BSE Sensex closed the day up by 533.7 points or 0.9% to end at 59,299.3, while the broader Nifty50 gained 161.8 points or 0.9% to close at 17,693.9 level.

Most of the sectors witnessed gains led by financial, IT, pharma and automobile which pushed the market higher. Broader markets also supported the gains with BSE midcap and smallcap indices rising around 1.5% each. Except for consumer durables, all the sectoral indices ended in green, with realty, metal and power sectors being the best performers of the day.

Among the highest gainer on Monday, NTPC rose by 4% to settle at Rs 145.50 after the company denied the report that it is planning to raise Rs 15,000 crore from the IPO of its three subsidiaries.

Among the top gainers, today were, Hindalco, Bajaj Finserv, Tata Motors, State Bank of India, Bajaj Finance, Tech Mahindra, Tata Consumer Products, SBI Life and Tata Steel. Top losers include Cipla, Grasim Industries, UPL, Indian Oil, Eicher Motors, Bajaj Auto, Britannia Industries, Hindustan Unilever, HDFC Life and Titan were among the losers.

The overall market breadth in Monday's trading session was positive. 2,331 shares ended higher while 1,016 closed lower on the BSE bourses.