The BSE Sensex rose 301.93 points, or 0.36%, to finish at 83,878.17, while the NSE Nifty 50 gained 106.95 points, or 0.42%, ending the day at 25,790.25.
Both benchmarks had been under pressure earlier in the session, with the Sensex sliding as much as 715 points and the Nifty briefly dipping below the 25,500 level, before sentiment turned on easing trade-related concerns.
Top Movers
On the 30-stock Sensex, the shares of Tata Steel, Asian Paints, Trent, SBI and Hindustan Unilever led the gainers, rising between 1% and 3%.
Financial stocks, which carry the heaviest weight in the index, underpinned the rebound, climbing about 0.5% after having declined 0.45% earlier in the session following comments from the U.S. ambassador.
Reliance Industries recovered to end up 0.5%, reversing a 1.65% intraday drop. The stock had fallen 7.4% last week after the conglomerate said it does not expect Russian crude shipments in the current month.
On the downside, Tejas Networks tumbled 9.5% after posting a quarterly loss, while SignatureGlobal slid 5.2% after cautioning that it may fall short of its fiscal 2026 pre-sales target.The benchmarks had been down as much as 0.8% earlier in the day, extending weakness from last week, when the indexes shed about 2.5% in their steepest weekly decline in more than three months.
Expert views
The Indian market rebounded from the day’s lows as investor sentiment improved following favorable remarks on trade deal by the U.S. Ambassador ahead of the next round of negotiations, said Vinod Nair, Head of Research at Geojit Investments, adding that this positive undertone provided a lift to overall market sentiment.
“The commodities segment outperformed, supported by strength in metals, which benefited from renewed buying interest during supply constraints. Value buying was also evident in consumer and banking stocks, as investors sought opportunities after recent corrections, supported by expectations of stronger Q3 earnings and improving demand. Additionally, precious metals maintained their upward momentum amid persistent geopolitical tensions,” said Nair.
Global Markets
U.S. equity futures slipped on Monday after Federal Reserve Chair Jerome Powell said the Trump administration had threatened him with a criminal indictment, a development that intensified investor concerns about the central bank’s independence.
S&P 500 futures fell about 0.5% in early trading, while gold surged to a fresh record as investors sought safety amid the escalating standoff between President Donald Trump and the Fed.
Gold climbed above $4,600 an ounce, buoyed both by the political uncertainty in Washington and by geopolitical tensions, with unrest in Iran also lending support to oil prices.
European stock futures edged lower, while Asian equities advanced, led by technology shares, after data released Friday suggested the U.S. labor market remains resilient despite a moderation in hiring growth.
Japanese markets were closed for a public holiday.
Crude impact
Oil prices edged lower on Monday as tensions eased after Iran said it had regained “total control” following weekend violence, tempering fears of supply disruptions from the OPEC producer. Investors were also assessing renewed efforts to restart Venezuelan oil exports.
Brent crude futures slipped 22 cents, or 0.4%, to $63.12 a barrel by 0939 GMT. U.S. West Texas Intermediate crude fell 25 cents, also 0.4%, to $58.87 a barrel.
Rupee vs Dollar
The Indian rupee clawed back earlier losses to finish marginally stronger against the U.S. dollar on Monday, supported by a softer greenback and easing crude oil prices.
The currency ended 2 paise higher at 90.16 to the dollar, according to provisional data. The dollar index, which tracks the U.S. currency against a basket of six major peers, fell 0.34% to 98.55.
(With inputs from agencies)