India’s equity markets bounced back sharply on Monday, ending a three-session losing streak. The BSE Sensex surged 939 points (1.26%) to close above 75,500, while the Nifty50 rose 1.1% to finish above 23,400. Heavyweight banking and private sector stocks drove the rally, reflecting renewed investor optimism.
Top gainers were HDFC Bank, ICICI Bank, and Reliance Industries, which saw strong buying interest. The auto sector also supported the rally, helping lift overall indices.
However, some mid-cap and financial stocks lagged. IDBI Bank fell sharply after news of a potential stake sale being shelved dampened sentiment in the mid-cap banking space.
While domestic markets recovered, global factors such as Brent crude holding above $100 per barrel and geopolitical tensions kept investors cautious. Foreign investor activity remained a key watchpoint for near-term market direction.
The session’s rebound offered relief to investors, but mixed sector performance and external risks indicate volatility may continue in the coming days.