Mumbai: The benchmark stock indices, Sensex and Nifty, rebounded on Monday after experiencing three consecutive days of losses, thanks to buying activity in IT and financial shares, along with a rally in global markets. The 30-share BSE Sensex surged by 319.07 points, or 0.38 percent, closing at 83,535.35. During the intraday session, the index rose by 538.21 points, or 0.64 percent, reaching a peak of 83,754.49. The NSE Nifty increased by 82.05 points, or 0.32 percent, to settle at 25,574.35, and it climbed 161.15 points, or 0.63 percent, during the day to hit an intraday high of 25,653.45.
Among the companies listed on the Sensex, notable gainers included Infosys, HCL Technologies, Bajaj Finance, Asian Paints, Tata Motors Passenger Vehicles, Tata Consultancy Services, Bharti Airtel, Titan, Bajaj Finserv, Reliance Industries, and Larsen & Toubro. On the other hand, Trent Ltd, Eternal, Power Grid, UltraTech Cement, Mahindra & Mahindra, Axis Bank, State Bank of India, Adani Ports, Hindustan Unilever, and NTPC faced declines. Vinod Nair, Head of Research at Geojit Investments, noted that the potential resolution of the US government shutdown and renewed foreign institutional investors (FIIs) buying, influenced by a positive Q2 earnings outlook, have contributed to favorable market sentiment.
The increase in the US 10-year Treasury yield indicates an improving risk appetite for equities with the federal government set to reopen. Domestically, strengthening macroeconomic indicators are projected to lead to upward revisions in earnings estimates for H2FY26, reinforcing current valuations and likely drawing in additional liquidity, as per Nair. In Asian markets, South Korea’s Kospi closed 3.02 percent higher, Hong Kong’s Hang Seng rose 1.55 percent, Japan’s Nikkei 225 increased by 1.33 percent, and Shanghai’s Composite Index finished up by 0.53 percent. European markets were predominantly trading higher, and US markets ended largely up on Friday.
Foreign Institutional Investors purchased equities worth Rs 4,581.34 crore on Friday, while Domestic Institutional Investors surpassed FIIs by acquiring stocks worth Rs 6,674.77 crore, according to exchange data. On Friday, the 30-share BSE Sensex fell by 94.73 points to close at 83,216.28, and the 50-share NSE Nifty decreased by 17.40 points to 25,492.30.
