Indian stock markets staged a strong recovery on Monday as the BSE Sensex rose about 944 points to close near 81,666, while the Nifty 50 climbed over 260 points to settle above the 25,000 level.
The rebound came as investors digested the Union Budget proposals more calmly after an initial negative reaction on Sunday. Concerns over higher taxes on derivatives trading had triggered sharp selling earlier, but bargain buying and improved sentiment helped markets recover.
Infrastructure and energy stocks led the gains. Power Grid Corporation emerged as the top gainer, jumping over 7%. Other key stocks that supported the rally included Larsen & Toubro (L&T), Adani Ports, and Reliance Industries, all of which saw healthy buying. Pharma major Dr Reddy’s also ended the session higher.
On the losing side, Shriram Finance was the biggest drag on the index, falling more than 3%. Stocks such as Max Healthcare, Trent, Bajaj Auto, Cipla, Infosys, ITC, and Titan also closed lower as investors booked profits and rotated funds into sectors showing stronger recovery.
Sector-wise, infrastructure stocks outperformed, reflecting optimism around government spending and long-term projects. IT stocks lagged, slipping slightly due to weak global cues and cautious outlook for technology spending.
Global markets remained mixed, with some pressure seen in US and European indices. Despite this, Indian equities outperformed on the back of strong domestic buying and a mild rise in the rupee against the US dollar.
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