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.
Here’s how analysts read the market pulse:
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.
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US markets
The S&P 500 and the Nasdaq rose on Monday, building on last week’s gains, as AMD’s chip-supply deal with OpenAI highlighted the extent of investor enthusiasm around AI and offset concerns around a prolonged federal government shutdown.The equities rally has persisted despite cautious forecasts and warnings about elevated valuations, especially in tech.
“The dollar amounts around these partnerships and around the buildout of the infrastructure to support AI are getting to be really astounding,” said Leah Bennett, chief investment strategist at Concurrent Asset Management.
AMD became the latest catalyst when the chip designer’s shares soared to a more than one-year high following the OpenAI deal. The stock was last up 26.6% and the top performer on the benchmark index.
Some chip companies rose, with Marvell Technology and Micron Technology gaining 4.2% and 5.5%, respectively. AI server maker Super Micro Computer was up 6.3%.
European Markets
European shares dropped on Monday with French equities being the hardest hit after the country’s new Prime Minister Sebastien Lecornu unexpectedly resigned.
The pan-European STOXX 600 dropped 0.2% to 569.4 points. The index briefly hit an intraday record high on Monday after climbing more than 2.8% last week.
French stocks and the euro fell while France’s borrowing costs jumped on Monday, as the government quit just hours after being appointed, wiping millions of dollars off the stock market and fuelling uncertainty over the euro zone’s second-largest economy.
Prime Minister Sebastien Lecornu unexpectedly handed in his resignation to President Emmanuel Macron hours after announcing his cabinet line-up – making it the shortest-lived in modern French history.
Paris’ $3 trillion CAC 40 index dropped more than 1.5%, making it by far the worst-performing index in Europe.
Tech View
The markets extended their uptrend for the third consecutive session, with the Nifty decisively surpassing the 25,000 mark and it is now trading comfortably above both its key short-term and long-term moving averages, said Nilesh Jain, Head of Technical and Derivatives Research at Centrum Broking, adding that the support base has shifted higher, with major support now established around the 24,800 level.
“The Nifty has completed a 50% retracement of the recent decline from 25,448 to 24,588, with the retracement level placed at 25,020. Momentum indicators and oscillators have begun to strengthen, suggesting a continuation of the upward move. If the index sustains above the 25,020 mark, a further rally towards 25,500 in the October series appears likely,” said Jain.
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Most active stocks in terms of turnover
Axis Bank (Rs 2,427 crore), ICICI Bank (Rs 1,953 crore), Tata Investment (Rs 1,941 crore), BSE (Rs 1,870 crore), HDFC Bank (Rs 1,805 crore), Netweb Technologies (Rs 1,750 crore) and RIL (Rs 1,696 crore) were among the most active stocks on BSE in value terms. Higher activity in a counter in value terms can help identify the counters with highest trading turnovers in the day.
Most active stocks in volume terms
Vodafone Idea (Traded shares: 127.80 crore), YES Bank (Traded shares: 10.35 crore), Adani Power (Traded shares: 6.86 crore), Sammaan Capital (Traded shares: 6.06 crore), Suzlon Energy (Traded shares: 4.50 crore), SAIL (Traded shares: 3.16 crore) and FSN E-Comm (Nykaa) (Traded shares: 2.90 crore) were among the most actively traded stocks in volume terms on NSE.
Stocks showing buying interest
Shares of Fortis Healthcare, Emcure Pharmaceuticals, Max Healthcare, FSN E-Comm (Nykaa), BSE, Delhivery and Paytm were among the stocks that witnessed strong buying interest from market participants.
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52 Week high
Over 201 stocks hit their 52 week highs today while 117 stocks slipped to their 52-week lows. Among the ones which hit their 52 week highs included FSN E-Comm (Nykaa) and Muthoot Finance.
Stocks seeing selling pressure
Stocks which witnessed significant selling pressure were Aegis Logistics, Vodafone Idea, Jindal Stainless, NMDC Steel, Finolex Industries, Century Texttiles and Sammaan Capital.
Sentiment meter bearish
The market sentiments were bearish. Out of the 4,449 stocks that traded on the BSE on Friday, 2,506 stocks witnessed declines, 1,780 saw advances, while 163 stocks remained unchanged.
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(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of the Economic Times)
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