Market snaps 4 day losing run, Nifty reclaims 22,700 mark

The domestic share market rebounded on Monday, with Sensex and Nifty staging a sharp recovery of nearly 2% from the early losses led by Pharma, Metal, Oil & Gas stocks.At close, the Sensex was up 482.92 points or 0.66 percent at 73,606.75, and the Nifty was up 153.20 points or 0.68 percent at 22,753.20.
Dr Reddy's Labs, BSE Limited, JSW Steel, Max Healthcare, Eternal were the top gainers on the Nifty, while losers included Shriram Finance, Tata Consumer, HDFC Life, Bajaj Finance and HDFC Bank.On the sectoral front,except FMCG, media, consumer durables, all other sectoral indices ended in the green with Pharma, Metal, Oil & Gas up 1-2 percent, while Infra, IT, Private Bank, Energy up 0.5 percent each.The broader markets outperformed sharply, with the Nifty Midcap index adding 1.2% and Smallcap index gaining 1.4%.
Rupee Close:
On 26 Oct'26,the Indian rupee depreciated for the third straight day and settled 29 paise lower to close at 95.22 (provisional) against the U.S. dollar on Monday, weighed down by elevated crude oil prices and geopolitical tensions in the West Asia.Forex traders said the Indian rupee declined on a stronger dollar and slight gains in U.S. Treasury yields, while a recovery in the domestic markets cushioned the downside.
Trading Guide:
Market experts recommended Cyient, Eternal and Mankind as the top stocks to buy on Monday.

(Business Correspondent)