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BSE Sensex gained 499.39 points, or 0.79 per cent, to settle at 63,915.42, while NSE's Nifty50 surged 154.70 points, or 0.82 per cent, to settle at 18,972.10.
Indian markets had a mixed end on Monday, with Nifty ending at 18,691, up by 0.14%, while Sensex recorded a slight dip of 62,970. However, Nifty Midcap100 registered around 1% increase. Political instability in Russia, which led to an increase in oil prices, had a negative impact on the global market. But on the domestic front, the market experienced limited downside as the pharma and auto sectors provided support. Vinod Nair, Head of Research at Geojit Financial Services, expects investor confidence to be restored in the mid and small-cap segments.
Indian shares registered a weekly loss, with the Nifty 50 settling lower on Friday due to hawkish central banks, lower earnings guidance by Accenture and consolidation in domestic benchmarks. While global central banks reflect hawkish stances, the domestic economic indicators remain favourable to sustain earnings growth. The Nifty 50 lost 0.56% to close at 18,665.50, and the S&P BSE Sensex fell 0.41% to 62,979.37 at Friday's close, and both indexes lost 0.85% and 0.64%, respectively, for the week. The same has been the most significant weekly decline since late April.
One 97 Communications (Paytm) hit a 52-week high on Friday, while PB Fintech (Policy Bazaar) and Zomato were near similar levels earlier last week.
In addition to the 15 sponsors, Star Sports has also onboarded 40 advertisers and over 45+ brands.