New Delhi, October 6(HS): Indian equity benchmarks Sensex and Nifty witnessed a positive start to the week on Monday, rebounding strongly after initial volatility in the morning session.The markets opened with marginal gains but quickly slipped into the red within the first 15 minutes as selling pressure built up.

However, renewed buying interest soon reversed the trend, driving both indices sharply higher. By 10:15 AM, the BSE Sensex had surged 248.21 points to trade at 81,455.38, up 0.31 percent, while the NSE Nifty advanced 78.25 points to reach 24,972.50.

Key gainers among the blue-chip stocks included Max Healthcare, Shriram Finance, Bajaj Finance, Apollo Hospitals, and Bajaj Finserv, registering gains between 1.53 percent and 3.80 percent in early trade. In contrast, Tata Steel, SBI Life Insurance, NTPC, Cipla, and Titan Company traded lower, declining between 0.70 percent and 1.10 percent.

Market breadth remained active, with 2,035 stocks trading during the initial hour. Of these, 973 shares were in the green, while 1,062 stocks declined. Among the 30 Sensex constituents, 16 traded higher amid sustained buying activity, while 14 were under pressure. Similarly, 26 out of 50 Nifty stocks traded in positive territory, compared to 24 that declined.

Earlier, the Sensex opened 67.62 points higher at 81,274.79 but dipped to 81,155.88 in early selling before rebounding. The Nifty too started the day up by 22.30 points at 24,916.55 but slipped to 24,881.65 before recovering.This rebound comes after indexes closed last Friday in positive territory. Sensex ended the previous session with a gain of 223.86 points at 81,207.17, while Nifty closed up 57.95 points at 24,894.25.

Hindusthan Samachar / Jun Sarkar