After gap down opening indices showed strength and touched yesterday’s day high in the first half of the session. However, Bears came in action which resulted Indices to give up all gains and closed below their opening levels in the latter half of the session.

The stock rallied more than 45 per cent in March and recorded massive volumes.

NSE Nifty 50 index jumped 0.29 per cent to close at 18,800 level while BSE Sensex soared nearly 200 points. Nifty Midcap and Nifty Smallcap rose 0.77 per cent and 0.43 per cent respectively. 

The shares of this company have made a fresh 52-week high at Rs 192.80 piece on September 16 (Friday).  

The stock has been hitting back-to-back upper circuits for a week and got locked in the 5 per cent upper circuit on Friday as well.  

Amidst all this chaos, there was a group of stocks that hogged most of the limelight. These stocks belonged to shipbuilding companies and they rose between 4 and 13 per cent on a black Monday. 

 At the time of Monday’s closing bell, the markets tanked, owing to the heavy sell-off prompted by Fed Chairman’s comments on inflation on Friday.  

Indices soared higher on the monthly expiry day as Nifty closed above the 16,900-mark. It climbed 1.73 per cent while Sensex jumped 1,041 points.

Fears of a recession have increased lately as the Federal Reserve tries to combat surging inflation with aggressive rate hikes, resulting in volatile risk sentiment around the world