Stock Market
Sensex soars 650 points, Nifty reclaims momentum — but Kwality Wall’s debut shocks investors
Mumbai/IBNS: Indian stock markets ended on a strong note on Monday, with benchmark indices rebounding from early losses amid buying in defence and consumption-linked stocks.
The BSE Sensex surged 650 points to settle at 83,277.15, while the NSE Nifty 50 climbed 200 points to close at 25,682.75.
The recovery was driven by robust performances in defence and consumption-oriented sectors. FMCG, pharma, healthcare, realty and midcap segments also posted marginal gains, supporting the broader market.
Among individual stocks, shares of Power Grid rose around 4 percent, while HDFC Bank gained nearly 2 percent. The Nifty PSU Bank index also touched a record high, advancing more than 140 points during the session.
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The stock was listed at Rs. 29.80 on the National Stock Exchange, marking a sharp 25.87 percent discount compared to its last discovered price of Rs. 40.20.
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