After three consecutive sessions of decline, the market closed in the green, Sensex jumped 939 points!

After three consecutive sessions of decline, the Indian stock market closed in the green on Monday, the first trading day of the week. After major fluctuations in the early trading of the day, the market registered a gain of more than 1 percent due to gains in banks, auto and FMCG sectors.

​Both the major benchmarks made a good recovery in the afternoon and while BSE Sensex closed at 75,502.85, up 939 points or 1.26 per cent, Nifty50 closed at 23,408.80, up 1.11 per cent or 257.70 points.

During the trading session, Sensex rose 1,241 points or 1.66 per cent to its day’s high of 75,805.27, while Nifty rose 351 points or 1.5 per cent to its day’s high of 23,502.

During this period, the performance of broader markets lagged behind the benchmark indices. A decline of 0.43 percent was seen in the Nifty Midcap index and 0.65 percent in the Nifty Smallcap index.

Sector wise, Nifty Auto recorded the highest gain of 1.67 percent. A rise of 1.14 percent was seen in Nifty FMCG, 1.50 percent in Nifty Financial Services and 1.22 percent in Nifty Bank. At the same time, the performance of Nifty Realty (down 1.57 percent) was weaker than its peers.

Apart from this, Nifty Oil & Gas index recorded a marginal decline of 1.58 percent and Nifty IT declined by 0.10 percent.

In Nifty50, shares of BEL, Max Healthcare, Wipro, Coal India, ONGC, Dr Reddy’s, Sun Pharma, Shriram Finance, Cipla and Power Grid fell more than 1 per cent.

On the contrary, shares of UltraTech Cement, Grasim Industries, Mahindra & Mahindra, Eternal, Trent, HDFC, Bajaj Finance, JSW and Bajaj-Auto witnessed the biggest rise (4.4 percent to 2.1 percent).

Meanwhile, crude oil prices remained above $105 a barrel as supply risks increased in the Middle East following the second attack on Fujairah in three days. Fujairah is an important port of the United Arab Emirates located just outside the Strait of Hormuz.​