The S&P BSE Sensex rose 582.95 points, or 0.72%, to finish at 81,790.12, while the NSE Nifty 50 advanced 183.40 points, or 0.74%, ending at 25,077.65, crossing the 25,000 mark.
Top Movers
On the 30-stock Sensex, shares of TCS, Tech Mahindra, Axis Bank, Bajaj Finance and Eternal were among the top gainers, rising between 2% and 3%.
Private banks advanced 1.2% and financials added 1.1% on the day. HDFC Bank, the largest weight on the Nifty 50, gained 0.9%, while Kotak Mahindra Bank climbed 2% after both lenders reported strong loan growth for the September quarter.
Bajaj Finance rose 1.9% after disclosing a 24% year-on-year increase in assets under management in the July–September period.
The Nifty IT index advanced 2.3%, extending its rebound to 3.2% over the past three sessions after earlier weakness tied to U.S. labor market worries and higher H-1B visa fees.Broader markets also firmed, with mid-cap stocks up 0.9% and small-caps higher by 0.3%.
Expert views
The domestic equity market ended the session on a positive note, led by gains in the financial services and IT sectors, ahead of the Q2 results, said Vinod Nair, Head of Research at Geojit Investments, adding that the banking index outperformed, bolstered by strong quarterly updates announced by large scheduled banks and attractive valuations, while hospital stocks surged following the revision of CGHS rates.
“Investors now look to Q2FY26 earnings for guidance; though expectations remain moderate, the market is more optimistic regarding Q3 results, led by a rise in consumer demand,” said Nair.
Global Markets
Japanese stocks jumped more than 5% to a record high on Monday after fiscal and monetary dove Sanae Takaichi was elected leader of the ruling party, setting her up to become Japan’s first female prime minister.
Gold touched an all-time high above $3,944 before easing to $3,927, and bitcoin traded near $123,600 after hitting a record $125,653 on Sunday, as investors sought alternative assets amid jitters over a U.S. government shutdown.
Most regional markets were shut for holidays, including mainland China, South Korea and Taiwan. Hong Kong’s Hang Seng fell 0.7% ahead of Tuesday’s break, while Australia’s benchmark dipped 0.1% in thin trade.
U.S. S&P 500 futures rose 0.3% after the index closed at a record Friday, while pan-European STOXX 50 futures were flat, keeping equities near highs.
Crude impact
Oil prices climbed more than 1% on Monday, after OPEC+ indicated a smaller-than-expected production hike for November, easing some supply concerns. However, a soft demand outlook is expected to limit near-term gains.
Brent crude futures rose $1, or 1.5%, to $65.52 a barrel by 0905 GMT, while U.S. West Texas Intermediate crude advanced 95 cents, or 1.6%, to $61.83 a barrel.
Rupee vs Dollar
The Indian rupee remained in a narrow range on Monday, hovering just above its record low, supported by likely intervention from the Reserve Bank of India amid steady dollar demand from local importers. The currency closed at 88.78 against the U.S. dollar, nearly unchanged for the day and just shy of last week’s record low of 88.80.
With many Asian markets closed for holidays, liquidity was thin, and the dollar index stabilized, last flat at 98.083 following recent losses.
(With inputs from agencies)
as a Reliable and Trusted News Source