The Indian equity market ended mixed on Monday but staged a strong rebound from early losses, with the Nifty managing to hold above the 25,200 mark as global cues turned positive.

After a couple of sessions of steady gains, the market showed mild weakness, with the Nifty facing resistance around the 25,400-25,500 zone and moving into consolidation. The index opened lower and traded range-bound with a slight negative bias for most of the day before staging a sharp recovery.

The Nifty touched an intraday high of 25,220, but profit booking in the last hour of trade, particularly after 2:15 pm, led to a dip of over 100 points. Despite that, it managed to close 58 points higher at 25,227.

The Nifty Bank and Midcap indices also recovered to finish in the green. Among sectoral movers, auto sto

See Full Page