Mumbai’s bustling stock market kicked off the week on a high note, closing firmly in positive territory on Monday. The BSE Sensex climbed 0.58%, adding 479.95 points to settle at 83,294.66, while the Nifty 50 advanced 0.55% or 141.75 points to end at 25,713.
Trading sessions showed a mixed bag of sentiments. The Nifty Midcap index dipped 0.43%, but the NSE Smallcap bucked the trend with a 0.29% gain.
Sector-wise, PSU Banks led the charge with a robust 1.36% rise, closely followed by Nifty MidSmall Healthcare at 1.03%. In contrast, the IT sector lagged, with Nifty IT posting the weakest performance, trailed by Nifty Chemicals.
Top performers in the Sensex pack included Adani Ports, Kotak Bank, UltraTech Cement, Power Grid, Axis Bank, and HDFC Bank, which saw significant appreciations. On the flip side, Infosys, Tech Mahindra, Trent, HCL Tech, Bajaj Finserv, and ITC recorded the sharpest declines.
This marks the second consecutive session of gains for India’s key indices, bolstered by strength in PSU banks and healthcare stocks. Positive cues from global markets, particularly after the US Supreme Court struck down former President Donald Trump’s reciprocal tariff policy as illegal, provided additional tailwinds to domestic equities.
Investors are now eyeing upcoming economic data and corporate earnings to gauge the sustainability of this upward momentum. With broader market participation, the outlook remains cautiously optimistic for the week ahead.