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Listen to this article in summarized format Analysts said the recovery was driven by buying at lower levels after the recent selloff. Ajit Mishra, SVP-Research, Religare Broking, said the benchmarks recovered from intraday lows after a weak start, with buying emerging at lower levels. The Nifty closed near the day's high, providing some relief after four sessions of selling. Read more: Tata Consumer Q2 Results: Net profit rises 16% YoY to Rs 470 crore, revenue up 14% Brent crude futures traded around $114.5 a barrel, easing from a near six-month high of $117 after Indian markets closed on Friday. However, Houthi attacks on Saudi Arabia kept global oil supply worries in focus. Buying extended beyond frontline stocks, with the Nifty Midcap 150 index gaining 1.07% and the Nifty Smallcap 250 Index rising 1.13%. Metals, pharmaceuticals, healthcare, oil and gas stocks advanced, while media and consumer durables remained under pressure. The India VIX, a gauge of market volatility, rose 1.73%, indicating continued caution among investors despite the recovery in benchmark indices. Read more: Paytm Q2 Results: Profit rockets 976% YoY to Rs 226 crore, revenue jumps 28% Among individual stocks, Kotak Mahindra Bank gained more than 2% after reporting a better-than-expected second-quarter profit, driven by robust loan demand and lower provisions for bad loans. Shriram Finance, however, fell 5% after lowering its annual loan-growth forecast and flagging higher credit costs. Foreign portfolio investors were net sellers of Indian equities worth ₹1,462 crore on Monday, taking their cumulative net outflows for so far in October to ₹52,928 crore. Domestic institutional investors, meanwhile, were net buyers to the tune of ₹2,609 crore, raising their total net purchases to ₹61,719 crore in October so far. (What's moving Sensex and Nifty Track latest market news, stock tips, Budget 2025, Share Market on Budget 2025 and expert advice, on ETMarkets. Also, ETMarkets.com is now on Telegram. For fastest news alerts on financial markets, investment strategies and stocks alerts, subscribe to our Telegram feeds .) Subscribe to ET Prime and read the Economic Times ePaper Online.and Sensex Today. Top Trending Stocks: SBI Share Price, Axis Bank Share Price, HDFC Bank Share Price, Infosys Share Price, Wipro Share Price, NTPC Share Price (What's moving Sensex and Nifty Track latest market news, stock tips, Budget 2025, Share Market on Budget 2025 and expert advice, on ETMarkets. Also, ETMarkets.com is now on Telegram. For fastest news alerts on financial markets, investment strategies and stocks alerts, subscribe to our Telegram feeds .) Subscribe to ET Prime and read the Economic Times ePaper Online.and Sensex Today. Top Trending Stocks: SBI Share Price, Axis Bank Share Price, HDFC Bank Share Price, Infosys Share Price, Wipro Share Price, NTPC Share Price
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