The markets ended Monday’s session on a positive note, where the BSE Sensex settled 291 points higher at around 79,700, while the NSE Nifty 50 closed above the crucial 24,100 mark, reflecting improved market sentiment. The day’s rally was supported by gains in pharmaceutical, technology and financial stocks, helping benchmarks recover from recent volatility.
Among the top performers on the Sensex, Sun Pharma and Tech Mahindra emerged as major gainers. Buying interest was also seen in select banking and healthcare counters as investors looked past global uncertainties and focused on domestic growth prospects.
On the other hand, IndusInd Bank and Tata Motors were among the notable losers during the session. Profit booking in a few auto and financial stocks capped the market’s upside, although overall sentiment remained positive throughout the day.
Market participants drew comfort from signs of diplomatic engagement between the United States and Iran, which helped ease concerns over a wider regional conflict. Softer crude oil prices also supported investor confidence, as lower energy costs are generally viewed as favourable for India’s economy.
Broader markets delivered a mixed performance, with several mid-cap and small-cap stocks witnessing stock-specific action. Traders continued to rotate funds across sectors, favouring companies with strong earnings visibility and stable growth prospects.
The rupee remained under pressure against the US dollar, but the impact on equities was limited as investors largely focused on corporate and macroeconomic developments.
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