Indices rebound as IT stocks drive gains after three-day loss

Mumbai: India’s equity indices bounced back on Monday in a relief rally after three days of consecutive losses, led by gains in Information Technology (IT) stocks. Analysts attributed the gains to a technical bounce and anticipate the market to remain in a range amid a lack of fresh triggers, as the earnings season draws to a close.

The NSE Nifty finished at 25,574, up 0.3%, or 82 points. The BSE Sensex ended at 83,535, 0.4% or 319 points lower.