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Closing bell: Sensex rebounds 602 points with ICICI Bank gains, DII buying

The Sensex broke a five-day losing streak, rising 602 points, driven by gains in ICICI Bank and positive cues from global markets. A significant drop in crude prices and DII support boosted sentiment, helping the NSE Nifty rise by 158 points.

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Stock markets rebounded on Monday, breaking a five-day losing streak, with the BSE Sensex gaining 602 points amid active buying in ICICI Bank and positive trends in global markets. This recovery was spurred by investor optimism following a drop in global crude oil prices, and continuous support from domestic institutional investors (DIIs).

The BSE Sensex rose by 602.75 points, or 0.76%, closing at 80,005.04, having surged by as much as 1,137.52 points, or 1.43%, during the day to reach an intraday high of 80,539.81. The NSE Nifty also advanced, adding 158.35 points, or 0.65%, to close at 24,339.15.

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