Indian markets climbed on Monday with the BSE Sensex rising over 200 points and the Nifty 50 crossing 25,950. The Nifty Bank index hit a fresh all-time high, supported by strong buying in private and public sector banks.
Investors were encouraged by better-than-expected Q2 earnings and hopes of stronger domestic consumption, although global trade uncertainties and US rate-cut signals kept caution in the background.
Among the top gainers, Kotak Mahindra Bank rose after announcing a board meeting to consider a stock split. Bharti Airtel, NTPC Ltd., and IdeaForge Technology also advanced, with IdeaForge surging nearly 11% after winning a defence contract.
On the losing side, Tata Motors PV tumbled around 7% after weak guidance on its JLR business, while TCS and Infosys were among the major IT laggards.
Overall, the market sentiment was buoyed by optimism in earnings, led by banking and select blue-chip stocks.