The BSE Sensex climbed 482.92 points, or 0.66 per cent, to settle at 73,606.75 on Monday, October 26, and the NSE Nifty rallied 153.20 points, or 0.68 per cent, to 22,753.20, PTI reported. Both benchmarks recovered more than 1,000 points from their intraday lows after a weak opening.

Source: PTI via DailyWorld

The rebound snapped a four-day losing streak. Upstox reported the recovery was led by short covering in heavyweights including Reliance Industries, Kotak Mahindra Bank, Eternal, Bharti Airtel, ICICI Bank, Adani Ports, ITC and Larsen & Toubro, after markets had slipped into oversold territory following four straight sessions of losses.

Source: Upstox

Sector-wise, the Nifty Metal index gained about 2.2 per cent and Pharma about 1.67 per cent, while broader markets outperformed: the Nifty Midcap 100 rose 1.19 per cent and the Smallcap 100 gained 1.38 per cent. Among Nifty gainers, Dr Reddy's rose 7.17 per cent and JSW Steel 4.32 per cent, The Hindu BusinessLine reported.

Source: The Hindu BusinessLine

The session had opened lower as elevated crude prices weighed on sentiment — Brent crude traded near $114.65 a barrel, near multi-year highs — with investors also awaiting the US Federal Reserve's policy decision later this week, market reports said.

Vinod Nair, head of research at Geojit Investments, said early earnings numbers point to strength in power, metals and refining, while warning that high energy costs and elevated interest rates may slow broader corporate growth, The Financial Economy reported. Another analyst, Vipin Dixena, cautioned it was too early to conclude the market had found a durable floor, noting foreign investors have been heavy net sellers this month.

Source: The Financial Economy

In the currency market, the rupee fell 26 paise to close at 95.19 (provisional) against the US dollar, PTI reported, even as equities recovered.