The Nifty 50 index ended higher on Monday, reclaiming the 24,900 mark despite broader market weakness following a dip in US equities on Friday.

Sensex gained 375.61 points to reach 81,559.54, while the Nifty rose 84.25 points to 24,936.40. The Nifty Midcap 100 index fell 154.55 points to 58,347.40, and the Nifty Bank index advanced 540.95 points to 51,117.80.

In contrast, major Asian indexes slumped after a US stock market rout on Friday, driven by weak employment data, raising concerns about the US economy.

On the domestic front, nine of the 13 major sectors ended lower, according to the NSE website.

The consumer sub-index hit a record high amid rising demand as the festive season begins. Tata Consumer Products, ITC, Britannia, and HUL led the gains, with HUL rising 3% to a lifetime high as it reviews its ice cream business.

Metal stocks dragged the market, with Hindalco and Tata Steel among the top Nifty losers. Mahindra & Mahindra closed 2% higher after announcing a new commercial electric four-wheeler launch.

JSW Energy rose 3% after a positive brokerage note on the JSW Group, while the Nifty PSE index fell nearly 2%, with PFC and REC dropping up to 4%.

SpiceJet surged 3% on news of a restructuring deal with Carlyle Aviation, reducing dues by $40 million.

Wockhardt fell 2% amid allegations by Congress and its denial of any link with the SEBI chief. Godfrey Phillips dropped over 4% after Bina Modi’s reappointment as MD.

Lupin fell 2% after appealing a US court’s ruling on its Jynarque generic, while Granules declined 3% after receiving six US FDA observations for its Hyderabad facility.

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