Stock Market Today: Sensex Settles 454 Points Up, Nifty Over 23,300

Kotak Mahindra Bank, Bajaj Finance, Bajaj Finserv, NTPC and SBI were among the major gainers on the Nifty, while losers were Zomato, Adani Ports, TCS, M&M and Maruti

The BSE midcap index gained 0.66 per cent, while the smallcap index surged nearly 1 per cent

Source : ABPLIVE AI

The Indian equity market began the week on a positive note, with benchmark indices recovering all losses from the previous session, gaining 0.5 per cent. Financial, power, and telecom stocks led the rally. By the close on Monday, the Sensex rose 454.11 points, or 0.59 per cent, to 77,073.44, while the Nifty gained 141.55 points, or 0.61 per cent, to reach 23,344.75.

Kotak Mahindra Bank, Bajaj Finance, Bajaj Finserv, NTPC and SBI were among the major gainers on the Nifty, while losers were Zomato, Adani Ports, TCS, M&M and Maruti.

Driven by positive global cues, Indian benchmark indices opened higher and extended their gains, closing near the day's highs. The rally was broad-based, with buying seen across most sectors, except IT, FMCG, and auto.

Sectorial Update

All sectors, except for auto and FMCG, ended the day in the green, with banking, media, metal, capital goods, PSU, telecom, power, and PSU bank indices rising by 1-2 per cent.

The BSE midcap index gained 0.66 per cent, while the smallcap index surged nearly 1 per cent.

Ajit Mishra – SVP, Research, Religare Broking, said, “The markets began the week on a positive note, gaining over half a percent amid mixed signals. After a flat opening, strength in heavyweight stocks, particularly in the banking sector, propelled the index higher during the first half, followed by a range-bound movement for the rest of the session. Sectoral trends remained mixed, with banking and metal sectors posting notable gains, while auto and FMCG sectors saw marginal declines. Mirroring the benchmark, the broader indices also performed well, recording gains between 0.8 per cent and 1 per cent.”

“Markets appear to be consolidating following the recent decline, with the ongoing earnings season keeping participants engaged. Additionally, budget-related themes are attracting selective buying interest. While there has been limited alignment with global markets lately, developments following Trump’s inauguration will be closely monitored for potential cues. Amid this environment, we recommend exercising caution with aggressive positions and awaiting greater clarity,” Mishra added.