Business
Sensex, Nifty end higher, hit five-month peaks on Monday
Sensex closed 544 points higher at 78,639 and Nifty rose 391 points to 24,774 on Monday, marking a five-month high.
The Sensex ended 544 points, or 0.7 per cent, higher at 78,639 on Monday, while the Nifty advanced 391 points, or 1.6 per cent, to close at 24,774.
The benchmark indices rose for a fourth straight session, reaching their highest levels in five months.
A steep decline in crude oil prices, renewed foreign institutional investor inflows, and a stronger rupee drove the day’s gains, as West Asia tensions eased.
IT stocks led the market, with the sector’s index rising more than 3 per cent during the session.
The Nifty Midcap 100 index gained 1.21 per cent and the Nifty Smallcap 100 index rose 1.29 per cent in the broader market.
Investors are now focused on the upcoming Reserve Bank of India monetary policy meeting for further cues.
Monday’s close marked the fourth consecutive session of gains for both benchmark indices, a winning streak that has helped lift Indian equities to their strongest levels since roughly March 2026.
The rupee’s strength against the US dollar was cited alongside falling crude prices as a factor supporting investor sentiment, given India’s heavy reliance on imported oil.
Trading volumes on both the BSE and NSE were reported to be above recent averages during Monday’s session, reflecting the heightened investor activity that accompanied the rally.
The rally was broad-based, with the Nifty Midcap 100 index up 1.21 per cent and the Nifty Smallcap 100 index gaining 1.29 per cent over the session.
Information technology stocks led the gains, with the sector index rising more than 3 per cent as easing crude prices and a steadier rupee lifted sentiment across export-facing companies.
Investors remained focused on the upcoming Reserve Bank of India monetary policy meeting, which could influence the near-term direction of both equity and bond markets.
Renewed foreign institutional investor inflows and easing geopolitical tensions in West Asia were cited as key drivers behind the day’s gains, alongside a steep fall in crude oil prices.
Photo by Kumar Appaiah, Wikimedia Commons, CC BY-SA 3.0