Benchmark stock indexes had a remarkable recovery on Monday and finished the day in the green thanks to strong fag-end purchasing in index heavyweights Reliance Industries and Infosys as well as a good start in European markets.
A gain of 79.27 points or 0.12% propelled the 30-share BSE Sensex higher to close at 65,401.92. It dropped 500.77 points or 0.76 percent over the day to reach 64,821.88.
The NSE Nifty finished at 19,434.55 after gaining 6.25 points, or 0.03 percent.
The top gainers from the Sensex pack were Infosys, Hindustan Unilever, Reliance Industries, ICICI Bank, Larsen & Toubro, Asian Paints, Nestle, Axis Bank, Wipro, and Kotak Mahindra Bank.
The top laggards were JSW Steel, State Bank of India, Tata Steel, Bajaj Finserv, UltraTech Cement, IndusInd Bank, Tata Motors, and Bajaj Finance.
Seoul, Tokyo, Shanghai, and Hong Kong all had negative closing prices on Asian markets.
Markets in Europe were mainly trading in positive territory.
The majority of US markets closed Friday down.
Even though food prices increased, wholesale price-based inflation remained negative for the fourth consecutive month in July at (-)1.36% due to falling gasoline costs.
According to exchange statistics, foreign institutional investors (FIIs) sold shares of stock worth Rs 3,073.28 crore on Friday.
Benchmark Brent crude for all crude oil prices fell 0.33 percent to $86.52 per barrel.
The BSE benchmark dropped 365.53 points (0.56%) to close at 65,322.65 on Friday. To finish at 19,428.30, the Nifty dropped 114.80 points, or 0.59 percent.