Buoyed by de-escalating Middle East tensions and upbeat international markets, Indian equities ended Monday’s session with solid gains. The benchmark Sensex advanced 355.90 points to 77,269.40, marking a 0.46% increase, as Nifty50 rose 121.75 points or 0.51% to 24,119.30.
Positive vibes from initial assembly poll trends in key regions bolstered sentiment, countering dips in tech and financial sectors that capped intraday highs. During trade, Sensex fluctuated from an opening of 77,257.27 to a peak of 77,910.75, while Nifty moved from 24,063.55 to 24,290.20.
Smallcap and midcap indices supported the rally, gaining 0.70% and 0.63% respectively. Realty led sectoral performers with 2.41% growth, followed by metals at 1.09%. IT, PSU, and private banks underperformed.
Top gainer Adani Ports jumped 5.41%, with Eicher Motors up 3.11%. Other risers: Adani Enterprises, Shriram Finance, HUL, L&T, Max Health, Grasim, Eternal, Cipla. Decliners were Kotak Bank, Bharti Airtel, Dr. Reddy’s, ONGC, TCS, Indigo, Infosys, ITC.
Brent crude slid up to 2.45% on Trump’s ‘Operation Freedom’ for safe passage in Hormuz Strait, closing the May contract at $107.75, down 0.39%. Asian bourses advanced, US markets mixed with S&P 500 and Nasdaq at all-time highs.
Investors eye sustained momentum, balancing geopolitical relief with domestic political outcomes.
