The BSE Sensex rose 485 points to close the session at 84,065 or 0.60% higher, while the Nifty 50 gained 174 points or 0.70% points to end the day at 25,867.
On the 30–share Sensex, SBI grabbed the headlines, rallying nearly 8% following stellar Q3 earnings. Titan Company, UltraTech Cement, Tata Steel, Eternal, and BEL rose up to 3% in today’s session. Power Grid, NTPC, ICICI Bank, ITC, and Infosys slipped in the range of 0.5%-1.3%.
The broader market, represented by the Nifty Midcap and Smallcap 100 indices, outperformed the frontline indices and ended 1.6% and 2.65% higher respectively.
Expert views
“Positive signals from the trade deal, coupled with the return of FIIs, fuelled a risk-on sentiment in the market. Investors are closely watching upcoming results, with PSU banks delivering stronger-than-anticipated performance, helping the PSU bank index outperform. Meanwhile, an accumulation strategy was observed in consumer durables and real estate stocks following the recent correction, driven by expectations of a demand revival. The recovery was broad-based, with sectors such as cement, capital goods, textiles, and consumer discretionary attracting investor interest, supported by union budget proposals and favourable trade deals,” Vinod Nair, Head of Research at Geojit Investments Ltd said.
Global Markets
European markets are trading higher, with the STOXX 600 up 0.5%, extending the global risk-on mood following Japan’s weekend election and hovering close to a fresh record high. InPost topped the index, surging 13.5% after a consortium led by Advent and FedEx announced a €7.8 billion ($9.2 billion) takeover deal. Novo Nordisk also gained 8.3% after online telehealth firm Hims said it would stop offering GLP-1 pills following an FDA warning of a potential crackdown.
Asian markets rallied after Sanae Takaichi’s resounding election victory boosted investor sentiment across the region. Japan’s Nikkei 225 led the gains, jumping 3.9% to hit fresh all-time highs as the ruling LDP’s decisive majority raised expectations of increased fiscal spending and potential tax cuts. Meanwhile, the yen strengthened broadly, most notably against the US dollar, which had recently recovered much of its sharp late-January decline versus the Japanese currency.US markets closed sharply higher on Friday, led by strong gains in blue-chip and tech stocks. The Dow Jones Industrial Average jumped 1,206.95 points, or 2.47%, to end at 50,115.67 — its first-ever close above the 50,000 mark. The S&P 500 rose 1.97% to 6,932.30, while the Nasdaq Composite advanced 2.18% to 23,031.21, pushing the S&P 500 back into positive territory for 2026.
Crude impact
Oil prices dropped more than 1% on Monday after the U.S. and Iran agreed to continue indirect talks over Tehran’s nuclear programme, easing fears of a potential Middle East conflict and supply disruptions.
Brent crude fell 84 cents, or 1.2%, to $67.21 a barrel by 0747 GMT, while U.S. West Texas Intermediate crude declined 82 cents, or 1.3%, to $62.73.
Rupee vs Dollar
The Indian rupee ended 0.1% lower at 90.7625 per U.S. dollar on Monday, compared with its previous close of 90.6550.
(With inputs from agencies)
(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)