Fueled by robust global sentiment, Indian equities started Monday on a strong footing. The BSE Sensex advanced 0.45% or 343.77 points to settle at 77,257.27, and NSE Nifty gained 0.28% or 66 points to 24,063.55 during initial hours.
Realty and IT stocks stole the show with significant buying, making Nifty Realty and Nifty IT the standout performers. A host of other indices like Auto, FMCG, Metal, Defence, Consumer Durables, and Pharma also painted a green picture across the board.
Sensex gainers included Maruti Suzuki, Adani Ports, HUL, L&T, M&M, IndiGo, Power Grid, NTPC, SBI, HDFC Bank, Bajaj Finance, Tata Steel, Asian Paints, ICICI Bank, UltraTech Cement, Trent, Bajaj Finserv, Infosys, Sun Pharma, Titan, and Tech Mahindra. Decliners comprised Kotak Mahindra Bank, TCS, Eternal, HCL Tech, ITC, BEL, and Bharti Airtel.
The positive momentum extended to mid and smallcaps, as Nifty Midcap 100 rose 0.74% or 442 points to 60,226, and Nifty Smallcap 100 was up 0.72% or 128 points at 18,136.
Asian markets provided a tailwind, with Hong Kong, Seoul, and Jakarta in the green. Japan and Shanghai remained shut for national holidays. In the US, Friday’s session saw Dow drop 0.31% while Nasdaq rose 0.89%.
Investors are drawing encouragement from President Trump’s ‘Project Freedom’ initiative to rescue vessels stuck in the Hormuz Strait. Seeking international support, Trump took to social media to affirm the innocence of the stranded ships and crew, pledging America’s help to navigate them safely. He simultaneously cautioned Iran against interference, hinting at decisive countermeasures. This move is seen as stabilizing key shipping lanes, aiding market sentiment.
