Indian markets kicked off the week on a strong note, led by banking and IT heavyweights. The Sensex jumped 583 points to close at 81,790, while the Nifty gained 183 points to reclaim the 25,000 mark.
Banks and financials led today’s rally — HDFC Bank and Kotak Mahindra Bank rose up to 2% after solid Q2 loan growth, while Bajaj Finance gained nearly 2% on a 24% rise in AUM.
IT stocks extended their rebound. TCS and Tech Mahindra were up 2–3% ahead of earnings, pushing the Nifty IT index higher for a third straight session.
Broader markets stayed firm — midcaps up 0.9%, smallcaps up 0.3%.
Globally, Japan surged over 5% after Sanae Takaichi’s election as the first female PM of Japan, gold hit a new record high near $3,944, and Bitcoin hovered around $123,000.
Oil prices climbed 1.5% after a smaller OPEC+ output hike, while the rupee held steady at 88.78 per dollar, just shy of its record low.
That’s all for now. Markets will be watching Q2 earnings and festive demand trends next.
Thanks for tuning in… I’m Neha Vashishth and you’re watching ET Market Watch.