Nifty, Sensex rise on Monday; ITC gains, HCL Tech and Asian Paints fall

Indian equity markets rebounded on Monday, with the Nifty 50 and Sensex gaining 0.60% and 0.66% respectively. ITC emerged as a top gainer, while HCL Technologies and Asian Paints posted sharp declines.

FMCG and consumer durables stocks outperformed overall, bucking broader market trends. In contrast, healthcare and pharmaceutical stocks fell as investors reassessed global interest rate movements and crude oil price movements.