The Indian stock market ended on a strong note on Monday, with the Sensex rising 369 points and the Nifty closing above the 26,050 mark. The Nifty 50 recorded its third straight session of gains, reflecting continued investor optimism. However, the index continues to face resistance near the 26,050–26,100 range, while solid support is seen around 25,900–25,660.
Analysts say that as long as Nifty holds above 25,800, the broader trend remains bullish. A sustained close above 26,100 could open the path for a further rally toward 26,250–26,400, while a dip below 25,900 might lead to short-term profit booking.
Oil and Metal Stocks Power Market Gains
Oil and gas stocks led the rally as crude prices softened on expectations of higher OPEC+ output. Metal stocks also performed strongly amid firm global commodity prices and supply constraints.
Optimism about possible progress in India–US trade discussions boosted sentiment after US President Donald Trump hinted at a potential trade deal with India.
The broader markets also traded positively, with the Nifty SmallCap 100 rising 0.43% and the Nifty MidCap 100 gaining 0.64%.
Sensex and Nifty Close Higher
The 30-share BSE Sensex ended 368.97 points higher at 84,997.13, while the Nifty 50 rose 117.70 points to close at 26,053.90. NTPC, Adani Ports, and Power Grid were among the top gainers, while BEL, Eternal, and Mahindra & Mahindra emerged as the biggest losers.
The Nifty Bank index traded flat, remaining about 350 points below its recent high, although dips continued to attract buying interest from investors.
Key Movers and Sectoral Highlights
Among the top performers in the Nifty 500 were Bluedart, SAIL, GPIL, Adani Green, and Graphite. The Nifty Metal index hit a record high for the sixth consecutive session, surging 2%.
Adani Group stocks jumped up to 11% as multiple units posted strong Q2 earnings. Reliance Industries was the top contributor to the Nifty, closing over 1% higher. SBI Life extended its three-day rally, gaining nearly 7%, while M&M Financial rose 7% on solid quarterly results and upbeat brokerage reports.
Varun Beverages surged more than 9% post results and announced a pact with Carlsberg in Africa. Coal India declined 3%, while NMDC gained over 3% after their Q2 announcements.
Broader Market Trends and Upcoming Results
The broader market continued its positive run with an advance-decline ratio of 2:1, reflecting widespread buying.
AMC stocks, however, were under pressure after SEBI proposed cuts in mutual fund expense ratios and brokerage fees, with HDFC AMC dropping over 4%.
Investors are now eyeing the upcoming Q2 results from major companies such as Larsen & Toubro (L&T), BHEL, HPCL, LIC Housing, Mahanagar Gas, NTPC Green, PB Fintech, and SAIL.
The market is also bracing for the US Federal Reserve’s policy decision later this week. While a 25-basis-point rate cut is largely expected, investors will closely monitor the Fed’s commentary for hints on future rate actions that could influence global market sentiment.
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