Indian stock markets ended higher on Monday, as the Sensex gained about 639 points to close at 77,303, while the Nifty 50 rose nearly 190 points to settle around 24,092, snapping a three-day losing streak.
The positive opening was driven by strong cues from GIFT Nifty, which indicated a gap-up start ahead of trading. Buying interest sustained through the session, although volatility remained due to global uncertainties and foreign fund outflows.
Market strength was largely supported by heavyweight stocks. Reliance Industries, ICICI Bank, HDFC Bank, and TCS were among the top gainers, contributing significantly to the index rally. Banking and IT stocks attracted fresh buying, helping lift overall sentiment.
Broader markets also participated in the recovery, with midcap and smallcap stocks showing healthy gains. This indicated wider participation beyond frontline index stocks, adding strength to the overall market rebound.
However, not all sectors ended in the green. Some FMCG and pharmaceutical stocks witnessed profit booking and emerged among the top losers during the session. Defensive sectors remained under mild pressure as investors rotated into financials and energy stocks.
Despite the positive close, foreign institutional investors (FIIs) continued to remain net sellers, which kept sentiment cautious. Persistent outflows from FIIs have been one of the key concerns for domestic equity markets in recent sessions.
Global factors also influenced trading. Elevated crude oil prices and geopolitical tensions continued to weigh on investor sentiment, raising concerns about inflation and currency stability. The rupee remained under watch amid fluctuating global risk appetite.