Sensex, Nifty Close Higher After Roller-Coaster Session, Late Recovery Erases Sharp Intraday Losses

Indian equity markets experienced a roller-coaster session on Monday, with the Sensex and Nifty ending the day higher despite sharp intraday fluctuations. The BSE Sensex closed 0.13% higher at 81,106.65, while the NSE Nifty 50 gained 0.23% to settle at 25,044.65. Opening on a stronger note, the indexes faced bouts of selling pressure but managed to recover towards the closing bell.

The Sensex, which opened at 81,327.29, reached an intraday high of 81,339.41 before declining to 80,519.31. It recovered to reclaim the 81,000 mark during afternoon trading, finishing 0.13% higher than its opening level. The index exhibited a trading range of 820.10 points, indicating significant volatility throughout the session.

Similarly, the Nifty 50 opened at 25,076.40 and peaked at 25,084.05 before falling sharply to 24,838.75. The index recovered during the afternoon session and closed above the psychologically significant 25,000 mark, gaining 0.23% from its intraday low.

Despite the recovery, neither the Sensex nor the Nifty managed to reach their opening highs by the close of trading. The market witnessed a range of 245.30 points, highlighting the sharp swings that characterized the day's trading. As the market prepares to close for a holiday on November 10 in observance of Diwali-Balipratipada, traders will be watching to see if the recent recovery can sustain its momentum in the coming trading session.