The stock markets closed in the green on Monday after recovering in the closing session. The Sensex closed at 17,634, up 76 points or 0.43 per cent, while the Nifty shut shop at 5,348, up 28 points or 0.52 per cent.
All sectoral indices were trading in the green except for auto which was down on both the BSE and the NSE. Realty, consumer durables, capital goods and infra stocks remained in the investor limelight.
Head Research, Geojit BNP Paribas Financial Services Ltd, Alex Mathews, said: “The markets had opened with a flat note tracking the global cues as the investors remained cautious due to economic slowdown. The markets subdued during the trading day but they rebounded in the second half smartly and closed near the intra-day high. The uptrend was supported by the heavyweight stocks like L&T, Reliance and HDFC.”
According to market watchers, all eyes would be on the inflation figures scheduled to be announced tomorrow to spell out the outcome for Indian markets.
HDFC, DLF, Reliance Infra, Sterlite and Sesa Goa were the top Nifty gainers while Hindalco, Tata Motors, HeroMotocorp, HUL and Tata Steel were the losers on the Nifty.