Indian equity benchmark BSE Sensex recovered 180 points
at the close after swinging between gains and losses on Monday, finishing its
six-day falling streak following gains in banking, financials, power and auto
stocks.

The BSE Sensex surged 180.22 points or 0.34% to close at
52,973.84. During the day, it gained 634.66 points or 1.20% to 53,428.28.

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The broader NSE Nifty rose 60.15 points or 0.38% to close
at 15,842.30, posting its first gain in seven sessions. Sensex and Nifty
plunged over 5% in the previous six sessions due to heavy selling by FPIs over
inflation concerns.

On the sectoral front, capital goods, auto, realty, power
and PSU bank indices surged 1-3% while IT and FMCG stocks ended lower.

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Top gainers from the Sensex pack were NTPC up by 3.05%,
Bajaj Finance up by 2.37%, State Bank of India up by 2.27%, Maruti Suzuki up by
2.14%, HDFC up by 1.96%, Kotak Mahindra up by 18.3%, IndusInd Bank up by 1.61%,
M&M up by 1.57%, HDFC Bank up by 1.10% and Hindustan Unilever up by 1.05%.

Among the losers were UltraTech Cement down by 3.01%,
Asian Paints down by 2.15%, ITC down by 1.78%, Tech Mahindra down by 1.22%, TCS
down by 1.08% and Dr Reddy’s Labs down by 1.02%.

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Shares of ACC and Ambuja Cements were in huge demand
after Adani Group signed a deal to acquire a controlling stake in Holcim Ltd’s
businesses in India for USD 10.5 billion.

ACC shares surged 3.7% to close at Rs 2,192 while Ambuja
Cements rallied 2.59% to close at Rs 368.10.

Asian markets settled on a mixed note, with Hong Kong and
Tokyo ending in the gree, while Seoul and Shanghai were marginally lower.

European stock exchanges were also trading on a mixed
note in the afternoon session.

US stock exchanges had ended with smart gains on Friday.

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Brent crude, the international oil benchmark declined
0.51% to USD 111 per barrel.

“Continued selling by FIIs as they chase high yield
US bonds restricts the Indian market to hold on to its pull-back rally, despite
interest from domestic investors.

“Weakness in global equities along with unfavourable
global cues led to heavy selling towards the closing hours, as investors lacked
the confidence to take forward their positions,” said Vinod Nair, Head of
Research at Geojit Financial Services.

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In Friday’s trade, the BSE Sensex declined 136.69 points
or 0.26% to close at 52,793.62. The NSE Nifty slipped 25.85 points or 0.16% to
close at 15,782.15.

According to stock exchange data, foreign institutional
investors offloaded shares worth Rs 3,780.08 crore on Friday.