The Indian share markets snapped their two-day losing streak on Monday led by gains in IT shares like Tata Consultancy Services, HCL Technologies, Infosys and Reliance Industries. At intraday, the Sensex rose as much as 452 points and the Nifty 50 index touched a high of 16,592.50. However, the benchmarks came off intraday highs in noon deals as booked profit at higher levels as traders turned cautious because of the extremely bearish market breadth. At closing, the Sensex advanced 226 points to close at 55,555 and the Nifty 50 index rose 46 points to close at 16,496. In the broader markets, the BSE MidCap and SmallCap indices slipped 0.9 percent and 1.5 percent, respectively.
Major gainers were HCL Tech (+4 percent), Nestle, TCS, Bajaj Finserv (+2 percent), while losers include: Grasim, Adani Ports, M&M (-3 percent), Eicher (-2.5 percent).
Ten of 15 sector gauges compiled by the NSE ended lower led by the Nifty Media index's 1.7 percent decline. Auto, Realty, PSU Bank, Metal and FMCG indexes also ended lower. On the other hand, Nifty IT index was top sectoral gainer, up nearly 2 percent.
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