Markets Close On A High, Sensex Climbs Over 450 Points, Nifty Ends Above 25K
The Indian markets settled the session on Monday with an uplifted sentiment, following a bull run seen throughout the day. The benchmark indices, Sensex and Nifty, both rallied ahead during the session and ended trading on a high. The BSE Sensex soared more than 450 points and settled for the day well above 82,150. Meanwhile, the NSE Nifty50 gained close to 150 points and ended trading just over the 25K mark. On the 30-share Sensex, Eternal led the laggards and slumped 4.51 per cent. UltraTech Cement, PowerGrid, Sun Pharma, and NTPC also closed the session in red. However, the gainers were dominated by M&M, Nestle, HCL Tech, Tata Motors, and ITC. In the broader markets, all the indices settled higher. The Nifty Midcap 100 index stood out and closed up 0.67 per cent. Sectorally, the Auto and IT indices emerged as the largest gainers in the session and ended 1.05 per cent and 1.02 per cent higher respectively. However, the Midsmall Healthcare index stood as the only laggard for the day and slipped 0.21 per cent. Also read : Types Of Fixed Deposits: A Simple Guide To Choosing The Right One For You What Led To This Rally? US President Donald Trump's decision to delay the imposition of aggressive tariffs on the EU helped uplift the sentiment in the market. Further, a decline in the dollar index also helped support the domestic equity markets. Vinod Nair, Head of Research, Geojit Investments Limited, noted, "Additionally, the early onset of the southwest monsoon and a decline in domestic bond yields have encouraged investors to maintain their focus on riskier assets. The broader market outperformed, driven by expectations of increased rural consumption and a stronger Q4 GDP, following better-than-anticipated corporate earnings for the quarter." The Indian rupee also had a good session on Monday and settled 24 paise higher at 85.09 against the American dollar. Official exchange data also revealed that the Foreign institutional investors (FIIs) bought Indian equities worth Rs 1,794.59 crore on a net basis on Friday.
The Indian markets settled the session on Monday with an uplifted sentiment, following a bull run seen throughout the day. The benchmark indices, Sensex and Nifty, both rallied ahead during the session and ended trading on a high.
The BSE Sensex soared more than 450 points and settled for the day well above 82,150. Meanwhile, the NSE Nifty50 gained close to 150 points and ended trading just over the 25K mark.
On the 30-share Sensex, Eternal led the laggards and slumped 4.51 per cent. UltraTech Cement, PowerGrid, Sun Pharma, and NTPC also closed the session in red. However, the gainers were dominated by M&M, Nestle, HCL Tech, Tata Motors, and ITC.
In the broader markets, all the indices settled higher. The Nifty Midcap 100 index stood out and closed up 0.67 per cent. Sectorally, the Auto and IT indices emerged as the largest gainers in the session and ended 1.05 per cent and 1.02 per cent higher respectively. However, the Midsmall Healthcare index stood as the only laggard for the day and slipped 0.21 per cent.
Also read : Types Of Fixed Deposits: A Simple Guide To Choosing The Right One For You
What Led To This Rally?
US President Donald Trump's decision to delay the imposition of aggressive tariffs on the EU helped uplift the sentiment in the market. Further, a decline in the dollar index also helped support the domestic equity markets. Vinod Nair, Head of Research, Geojit Investments Limited, noted, "Additionally, the early onset of the southwest monsoon and a decline in domestic bond yields have encouraged investors to maintain their focus on riskier assets. The broader market outperformed, driven by expectations of increased rural consumption and a stronger Q4 GDP, following better-than-anticipated corporate earnings for the quarter."
The Indian rupee also had a good session on Monday and settled 24 paise higher at 85.09 against the American dollar. Official exchange data also revealed that the Foreign institutional investors (FIIs) bought Indian equities worth Rs 1,794.59 crore on a net basis on Friday.
What's Your Reaction?
