The Indian stock market witnessed a strong rebound on Monday, December 22, as investors rode on a recovery in the rupee and supportive global cues. The rally extended to the second consecutive session, reflecting optimism among domestic and foreign investors alike.
Sensex closes 638 points higher at 85,567.48, up 0.75%, while the Nifty 50 gained 206 points to settle at 26,172.40, a 0.79% rise. Market capitalization of BSE-listed companies jumped to ₹475 lakh crore from ₹471 lakh crore in the previous session, marking a one-day gain of around ₹4 lakh crore.
Investors’ attention was captured by strong performances from large-cap stocks like Infosys, Bharti Airtel, and ICICI Bank, which were the key drivers behind the index surge. Only SBI, Kotak Mahindra Bank, and Larsen & Toubro ended in the red on the Sensex.
Market Performance Overview
Monday’s rally was driven by a combination of domestic and international factors:
- Rupee Recovery: After breaching the 91 mark against the US dollar last week, the rupee closed at ₹89.70 per dollar, strengthening by 3 paise, boosting investor confidence.
- Global Cues: Positive signals from global markets and expectations of further US Fed rate cuts in 2026 supported domestic equities.
- Foreign Capital Inflows: FIIs turned net buyers, reinforcing positive market sentiment.
This mix of factors helped the markets shrug off recent volatility, extending the year-end rally in Indian equities.
Top Movers in the Nifty 50
Among the Nifty 50 stocks, 38 advanced, showing broad-based participation.
Top Gainers:
- Trent: +3.86%
- Shriram Finance: +3.67%
- Wipro: +3.10%
Top Losers:
- HDFC Life Insurance: -0.71%
- Tata Consumer: -0.64%
- SBI: -0.59%
Sectoral Performance
Most sectoral indices ended higher, reflecting widespread buying interest:
- Nifty IT: +2.06%
- Nifty Metal: +1.41%
- Nifty Bank: +0.40%, closing at 59,304
- Financial Services Index: +0.37%
Only Nifty Consumer Durables lagged, slipping 0.16% on the day.
Most Active Stocks
Trading volumes indicated high investor participation in select stocks:
- Vodafone Idea: 104.3 crore shares
- Davangere Sugar Company: 21.2 crore shares
- Groww: 16 crore shares
BSE Stock Highlights
- 18 Stocks Surged Over 15%: Quadrant Future Tek, Jupiter Wagons, Bharat Immunologicals, Ideaforge Technology, Sadbhav Engineering, and Niraj Cement Structurals were among the top performers.
- 52-Week Highs: 143 stocks hit their highest levels, including Vedanta, Maruti Suzuki India, Hindalco Industries, TVS Motor Company, Shriram Finance, Samvardhana Motherson International, and IDFC First Bank.
- 52-Week Lows: 129 stocks fell to new lows, including Concord Biotech, Epigral, GTL Infrastructure, and ICICI Prudential Asset Management Company.
Advance-Decline Ratio
Out of 4,501 stocks traded on the BSE:
- 2,794 advanced
- 1,515 declined
- 192 remained unchanged
This shows healthy market breadth, indicating that gains were not limited to a few large-cap stocks.
Summary
Monday’s session reflected a strong rebound in the Indian stock market, driven by rupee recovery, global optimism, and foreign investor inflows. The Sensex and Nifty 50 recorded solid gains, while midcap and smallcap indices also saw notable rises. Investors collectively earned about ₹4 lakh crore, highlighting renewed confidence ahead of the year-end.
With broad participation across sectors and stocks, the market ended on a positive note, setting a confident tone for the coming days.
Source: Livemint
Easy & quick
Leave A Comment?