While today’s rally reflects renewed investor optimism, analysts advise keeping an eye on global trade developments and upcoming domestic economic data, which could influence short-term market direction.
Indian equity benchmarks ended Monday’s session on a firm note, buoyed by strong buying in Auto, IT, and Metal sectors. Sentiment received a boost after U.S. President Donald Trump announced an extension of trade negotiations with the European Union, easing near-term global trade concerns.
The BSE Sensex climbed 455 points, or 0.56%, to close at 82,176.45, after touching an intraday high of 82,492. Meanwhile, the NSE Nifty50 advanced 148 points, or 0.6%, to end at 25,001.15, breaching the key 25,000-mark for the first time in recent sessions.
Broader Market Moves:
- Nifty Midcap 100: Up 0.67%
- Nifty Smallcap 100: Up 0.37%
Sectoral Highlights:
All NSE sectoral indices ended in the green, with leadership coming from:
- Nifty Auto: +1.05%
- Nifty IT: +1.02%
- Nifty FMCG: +0.97%
Key Gainers & Laggards:
Top Performers on Sensex:
- Mahindra & Mahindra
- HCL Technologies
- Tata Motors
- Nestle India
- ITC
- Hindustan Unilever
(All gained up to 2.17%)
Notable Laggards:
- Eternal
- UltraTech Cement
- Power Grid
- Kotak Bank
- NTPC
- Tata Steel
(Fell up to 4.55%)
Market Volatility:
The India VIX, a key gauge of market volatility, spiked 4.3% to close at 18.02, signaling heightened investor caution despite the day’s gains.
While today’s rally reflects renewed investor optimism, analysts advise keeping an eye on global trade developments and upcoming domestic economic data, which could influence short-term market direction.
