The S&P BSE Sensex inched up 39.78 points, or 0.05%, to close at 83,978.49, while the NSE Nifty 50 rose 41.25 points, or 0.16%, to finish at 25,763.35.
Top Movers
On the 30-stock Sensex, Mahindra & Mahindra, Tata Motors Passenger Vehicles, Eternal, State Bank of India, and Bharti Airtel led the gainers, advancing between 1% and 2%. On the downside, Maruti Suzuki, ITC, Tata Consultancy Services, Larsen & Toubro, and Bharat Electronics slipped between 1% and 3.4%.
Broader markets outperformed, with the midcaps rising 0.8% and the smallcaps up 0.7%.
Among sectors, state-run banks led the advance with a 1.9% gain, while fast-moving consumer goods and IT stocks eased 0.1% and 0.2%, respectively.
Tata Consumer Products rose 2.8% after reporting better-than-expected earnings, while Godrej Consumer Products climbed 5.5% as analysts maintained a positive outlook for the second half of fiscal 2026, despite a profit drop in the September quarter due to GST-related sales disruptions.Ambuja Cements and Arvind Fashions gained 2.1% and 8.6%, respectively, following quarterly profit growth.Bank of Baroda advanced 4.6% after posting stronger-than-expected September-quarter earnings, with brokerages expecting the lender’s re-rating to continue amid attractive valuations. Zen Technologies rose 4.3% after winning two Ministry of Defence contracts to upgrade anti-drone systems.
Meanwhile, Vodafone Idea rallied 9.3% after a court clarification fueled optimism for relief on its adjusted gross revenue dues.
Expert views
The domestic market ended on a marginal positive note as profit booking was visible at the higher levels due to the absence of fresh domestic triggers, said Vinod Nair, Head of Research at Geojit Investments, adding that “the broader market outperformed since the quarterly earnings are steering investors’ preference to take a short-term to medium-term view.”
The PSU Banking index continued to be a preferred bet for investors, led by healthy earnings and improving asset quality, Nair noted, adding that “in contrast, IT stocks declined amid fading expectations of a U.S. Fed rate cut, while a trade truce between the US and China eased the demand for safe haven assets.”
Global Markets
World equities advanced on Monday, lifted by optimism over a U.S.-China trade truce and renewed enthusiasm for artificial intelligence investments.
Investors continued to digest last week’s central bank meetings and the announcement of a year-long trade truce between Washington and Beijing—an outcome largely in line with expectations. Still, questions linger over whether the agreement will hold for its full duration.
In Europe, the benchmark STOXX 600 index climbed 0.4% in a week packed with corporate earnings.
In commodities, gold regained the $4,000 mark.