In a thrilling turnaround, India’s benchmark indices delivered a powerhouse performance on Monday, with the BSE Sensex exploding higher by 943.52 points to close at 81,666.46—a gain of 1.17%. The NSE Nifty mirrored the enthusiasm, surging 262.95 points or 1.06% to end at 25,088.40. This surge highlights investor confidence in key sectors despite lingering uncertainties.
Sector-wise, infrastructure stocks stole the spotlight with a 2.26% leap, closely followed by autos at 2.13%. PSE, oil & gas, and metals also shone brightly, posting gains of 2.04%, 2.04%, and 1.88% respectively. Commodities rounded out the winners at 1.87%. Only IT (-0.47%) and healthcare (-0.08%) lagged behind.
Broad-based strength was evident as midcaps and smallcaps participated vigorously. The Nifty Midcap 100 index climbed 0.96% to 57,667.60, and Nifty Smallcap 100 edged up 0.64% to 16,523.35. Standout Sensex performers included Power Grid, Adani Ports, BEL, M&M, L&T, Indigo, UltraTech Cement, Asian Paints, ITC, Bajaj Finserv, Tata Steel, NTPC, ICICI Bank, and Maruti Suzuki.
On the flip side, Axis Bank, Infosys, TCS, Trent, Titan, and Kotak Mahindra Bank faced selling pressure. Commenting on the move, LKP Securities’ Rupak De observed a vigorous rebound from oversold levels but warned of a fragile overarching trend, as indices hover below the critical 200 DMA.
De recommended trimming leveraged longs and initiating shorts on rallies. Key levels: Nifty resistance at 25,200, support at 24,900. The session began weakly amid tepid global signals—Sensex opened down 167 points, Nifty off 29—but buyers quickly took control, propelling markets into green territory and signaling potential short-term optimism.
