Market bounces after 3 days of decline; Sensex climbs 300 points

Mahindra & Mahindra, Bajaj Finance, State Bank of India, Hindustan Unilever, Nestle and Bajaj Finserv were among the major winners.

Mahindra & Mahindra, Bajaj Finance, State Bank of India, Hindustan Unilever, Nestle and Bajaj Finserv were among the major winners.

Benchmark indices bounced back on Monday after three days of losses, largely helped by buying in banking counters.

After a weak start, the 30-share BSE Sensex reclaimed lost ground and closed 300.44 points or 0.51% higher at 59,141.23.

It closed at 59,277.55, up 436.76 points or 0.74% during the day.

The NSE Nifty closed 91.40 points or 0.52% higher at 17,622.25.

From the Sensex pack, Mahindra & Mahindra, Bajaj Finance, State Bank of India, Hindustan Unilever, Nestle and Bajaj Finserv were among the major winners.

Tata Steel, ICICI Bank and Power Grid were among the laggards.

Elsewhere in Asia, markets in Seoul, Shanghai, Tokyo and Hong Kong closed lower.

European stock markets also remained in negative territory. On Friday, the US markets closed with a fall.

Meanwhile, international oil benchmark Brent crude fell 1.37% to $90.10 a barrel.

Foreign institutional investors (FIIs) sold shares worth a net Rs 3,260.05 crore on Friday, according to data available with the BSE.

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