Priyanka Tiwari
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Suspense crime, Digital Desk : Indian benchmark indices, the BSE Sensex and NSE Nifty 50, closed with healthy gains on Monday, extending their upward momentum. The market demonstrated resilience throughout the day, driven by strong buying interest in heavyweight banking and information technology (IT) stocks, coupled with positive signals from global markets.
The BSE Sensex finished the day's session above the 77,000 mark, while the NSE Nifty 50 comfortably closed above the crucial 23,400 level. The trading day began on a firm note, and despite some mid-session volatility and profit-booking, a late-session surge led by institutional buyers helped the indices close near their intraday highs.
Market Movers and Sectoral Trends
The rally was broad-based but led decisively by the financial and tech sectors. The Nifty Bank and Nifty IT indices were among the top sectoral performers, each gaining over 1%. Stocks such as HDFC Bank, ICICI Bank, Infosys, and Tech Mahindra were significant contributors to the day's gains.
Top Gainers: Key gainers in the Nifty 50 pack included stocks from the metal, banking, and auto sectors, which saw renewed investor interest.
Top Losers: On the other hand, some FMCG and pharmaceutical stocks faced selling pressure, ending the day as the primary laggards.
Market breadth was positive, with a higher number of advancing shares compared to declining ones, indicating overall bullish sentiment among participants. Activity in the midcap and smallcap segments was also robust, with both indices outperforming their large-cap counterparts.
Analysts suggest that investor sentiment was buoyed by stable global markets and expectations of continued domestic economic growth. Market participants are now keenly awaiting upcoming macroeconomic data, including inflation figures, which will provide further cues for the market's direction.
