New Delhi, September 22 (HS): Indian equity benchmarks Sensex and Nifty clawed back losses during Monday’s opening session, staging a recovery after a dramatic early dip. Both indexes opened sharply lower—Sensex down 545.16 points and Nifty shedding 88.95 points—but staged a turnaround within minutes as buyers stepped in, paring most but not all losses by 10 AM.

At the halfway mark of morning trade, the BSE Sensex was trading at 82,533.13, down 93.10 points (0.11%), and the NSE Nifty was at 25,320.20, off 6.85 points (0.03%). A broad-based recovery saw 1,286 stocks trade in the green, outnumbering 853 in the red on the BSE, with active trading reported in 2,139 stocks overall.

Sectoral Moves and Stock-Specific Action

Gainers included SBI Life Insurance, Hero MotoCorp, Trent Ltd, Bajaj Finance, and State Bank of India, rising between 1.95% and 0.59%. On the flip side, Tech Mahindra, HCL Tech, TCS, Apollo Hospitals, and Dr Reddy’s Laboratories dragged, with losses ranging from 4.01% to 0.79%.Within the Sensex pack, only 8 of 30 components remained in positive territory, while 22 were under selling pressure. The Nifty showed more resilience, with 30 out of 50 stocks in positive territory.

Analysts highlighted persistent volatility, with bouts of profit-taking interspersed with bargain-hunting. Despite intermittent sell-offs, the overall trend remained moderately positive, with the Sensex and Nifty managing to narrow their losses after a challenging start.

The rebound contrasted sharply with Friday’s close, when the Sensex ended 387.73 points (0.47%) lower at 82,626.23, and the Nifty finished down 96.55 points (0.38%) at 25,327.05. Market sentiment appeared fragile, but early-session resilience suggests the indices are finding tentative support after a turbulent fortnight.

—————

Hindusthan Samachar / Jun Sarkar