Indian Stock Market Today: The Indian stock market saw a significant recovery from its lows on Monday, December 2. Both benchmark indices ended the session with positive gains, marking the second consecutive day of gains. Investors appeared to have digested the weak Q2FY25 GDP data, which hit a 7-quarter low.
The recovery was primarily driven by gains in heavyweight stocks, including Reliance Industries, HDFC Bank, Infosys, and Bharti Airtel, which collectively supported the market’s upward movement.
Moreover, cement stocks, including UltraTech Cement and Grasim Industries, saw a significant rally following reports that cement companies plan to increase prices.
Amid the strong support from heavyweights and the strong rally in cement stocks, the Nifty 50 ended the session with a gain of 0.60%, ending at 24,271 points, while the Sensex has also closed the session at 80,232 points, a 0.54% higher as compared to the previous closing price.
Mid and small-cap stocks also closed higher but outperformed the benchmark indices. The Nifty Midcap 100 index recorded a gain of 1.11%, finishing at 57,016, while the Nifty Smallcap 100 index ended the session at 18,841, reflecting an increase of 1.02%.