Indian equity benchmarks ended higher on Monday, February 23, after a strong rally, supported by positive global cues and buying in financial and select heavyweight stocks, although losses in IT shares capped the upside.
The BSE Sensex closed 480 points higher at 83,294.66, while the NSE Nifty 50 settled above the 25,700 mark , extending gains for the session.
Markets opened on a firm note following encouraging signals from global equities and sustained the momentum through most of the day, led by buying in banking, pharma and consumption stocks.
Among the top performers on the Nifty were Adani Ports, Dr Reddy’s Laboratories, Kotak Mahindra Bank, HDFC Life and Nestle India, which saw strong investor interest and lifted the indices.
However, the rally was partially restricted by weakness in technology and metal stocks. Hindalco, Wipro, Infosys, Tech Mahindra and Cipla ended among the top losers on the index.
IT stocks remained under pressure due to profit booking and a cautious outlook on the sector, which limited the overall market gains despite strength in other pockets.