Indian markets surged on Monday as bulls took charge across sectors.
Headline Moves:
Sensex jumped 256 points to close at 82,445. Nifty hit an 8-month high at 25,103
Bank Nifty scaled a record intraday high and crossed 57,000 for the first time ever!
Why the Optimism?
RBI surprised markets with a 50 bps repo rate cut
Also slashed CRR by 100 bps to boost liquidity
Add to that, strong US jobs data
And progress in US-India trade talks—a perfect recipe for a rally
Banks Lead the Charge
Private banks were the stars:
RBL Bank up 7%
Bandhan Bank +6%
Axis Bank, Bajaj Finance, Kotak Mahindra also posted solid gains
Big Stock Movers:
MCX soared 7% after getting approval to launch India’s first electricity derivatives
Hyundai Motor India hit a fresh lifetime high—₹1,986, crossing even its listing day peak
Broader Market Buzz:
Midcaps and Smallcaps outperformed:
Nifty Midcap 100 rose 1.1%
Nifty Smallcap 100 gained 1.6%
Global Cues Positive
Asian markets closed in the green
Global stocks hit a record high
Investors are now watching out for US inflation data due Wednesday—which could move the Fed’s needle.