Markets rebound, Sensex up 498 pts, Nifty above 23,750

The Indian benchmark indices ended rebounded on Monday snapping a five-day losing streak,supported by robust buying in financial and IT stocks, following favorable U.S. inflation data.At close, the Sensex was up 498.58 points or 0.64 percent at 78,540.17, and the Nifty was up 165.95 points or 0.70 percent at 23,753.45. About 1565 shares advanced, 2348 shares declined, and 134 shares unchanged.
JSW Steel, ITC, Hindalco Industries, IndusInd Bank and Trent were the top gainers on the Nifty, while losers included Hero MotoCorp, Maruti Suzuki, Nestle India, HCL Technologies, Bajaj Finserv.
On the sectoral front, bank, FMCG, metal, oil & gas, energy, realty up 0.5-1 percent, while media index shed 0.4 percent.The BSE midcap index was up marginally, while smallcap index was down 0.6 percent.
Rupee Close:
On 23 Dec'24,the Indian rupee ended at fresh record low 85.11 against US dollar on Monday, according to information.
Trading Guide:
Market experts have recommended five shares to buy-Bank of Maharashtra, Aartech Solonics Ltd, Bikaji Foods International Ltd , Life Insurance Corporation of India and Amber Enterprises India Ltd.

(Business Correspondent)