Share Markets Close Higher, Auto Stocks Rally: Sensex Over 500 Points Up, Nifty Above 24,400

The rally remained broad-based for most of the trading session, with heavyweight financial stocks providing the biggest boost to the frontline indices.

Monday's gains extended the market's winning run to four straight trading sessions.

Source : ABPLIVE AI

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Key points generated by AI, verified by newsroom

• Indian equities extended gains, driven by banking, realty, auto stocks.
• Four-day rally extended; foreign investor inflows, lower crude supported.
• HDFC Bank, Reliance led gains; broader markets also advanced.

Indian equity benchmarks finished Monday's session on a firm footing, extending gains through the day as buying in banking, realty, automobile and oil & gas stocks supported market sentiment.

The BSE Sensex soared a little over 500 points and closed near 78,300, while the NSE Nifty50 ended trading above 24,400, climbing more than 150 points.

The rally remained broad-based for most of the trading session, with heavyweight financial stocks providing the biggest boost to the frontline indices.

Banking Heavyweights And Reliance Lift Markets

The day's advance was led by heavyweight financial and energy stocks.

HDFC Bank emerged as the top gainer among Sensex constituents, rising nearly 4 per cent. Mahindra & Mahindra, Bharat Electronics, Reliance Industries, ICICI Bank and Maruti Suzuki also ended firmly higher, lending significant support to the benchmark indices.

On the other hand, Kotak Mahindra Bank, Tata Consultancy Services, Bajaj Finserv, and Power Grid were among the notable laggards.

Four-Day Rally Adds Over 1,800 Points To Sensex

Monday's gains extended the market's winning run to four straight trading sessions.

During this period, the Sensex has climbed more than 1,800 points, while the Nifty has advanced over 560 points, reflecting sustained buying interest in large-cap stocks.

Analysts attributed the momentum to improving foreign investor sentiment, lower crude oil prices and expectations of a stable corporate earnings season.

Lower Crude Oil Prices Boost Sentiment

Crude oil prices remained supportive for equity markets, with Brent crude slipping below $72 per barrel during the session.

The decline in oil prices improved sentiment towards the Indian economy, as softer crude helps contain inflation, supports the current account balance and reduces input costs for several sectors.

According to Vinod Nair, Head of Research at Geojit Investments Ltd, continued moderation in crude prices could strengthen macroeconomic stability while also benefiting oil marketing companies.

FIIs Continue To Support Domestic Equities

Foreign institutional investors remained net buyers, providing additional support to the domestic market.

According to exchange data, FIIs purchased equities worth Rs 1,355.33 crore on Friday, extending the positive flow of overseas capital into Indian equities.

The return of foreign investors has been one of the key drivers behind the recent strength in large-cap stocks.

Realty, Auto And Capital Goods Shine

Sectoral performance remained broadly positive, with Realty emerging as the best-performing index.

Private banks, capital goods and automobile stocks also witnessed healthy buying interest, reflecting optimism around domestic growth-oriented sectors.

However, information technology, utilities, PSU banking and services stocks underperformed the broader market and ended among the day's laggards.

Broader Markets Also Advance

The positive momentum was not confined to frontline stocks.

Both mid-cap and small-cap indices ended in positive territory, signalling wider market participation beyond benchmark constituents and reinforcing the overall bullish sentiment.

Global Cues Mixed, But India Outperforms

Asian markets delivered a mixed performance, with Hong Kong's Hang Seng ending higher, while Japan's Nikkei 225, South Korea's Kospi and China's Shanghai Composite closed lower.

European markets traded without a clear direction during the session, while US markets remained shut on Friday for Independence Day.

According to Ankur Punj, MD & Business Head at Equirus Wealth, investor sentiment in India remained upbeat due to easing geopolitical tensions in West Asia, lower crude oil prices and expectations of a steady corporate earnings season. He added that while profit-booking in AI-related stocks weighed on some global markets, improving FII inflows could continue to support Indian large-cap equities.