Indices bounce back after four-day fall; NTPC gains over 4%, SBI rises 2.5%

The benchmark indices gained on Monday after four days of continuous decline, as investors waiting on the sidelines bought stocks despite weak global cues. Gains in heavyweights like Reliance Industries, TCS, and other IT and banking majors helped the indices close higher. 

Optimism regarding the September quarter earnings and hopes of the continuation of a dovish monetary policy tickled investors’ enthusiasm.

The Sensex ended the session at 59,299, a gain of 533 points or 0.9 per cent. The Nifty50, on the other hand, closed at 17,691, up 159 points or 0.9 per cent.

“Indian equities rebounded after witnessing selling pressure