Mumbai
The Indian stock market kicked off on a strong note on Monday, with notable buying across the auto, IT, PSU bank, and pharma sectors. The Sensex climbed 273.49 points (0.34%) to reach 79,675.78, while the Nifty rose 74.35 points (0.31%) to hit 24,255.15.
Market trends reflected a mixed picture, with 1,003 stocks gaining and 1,124 stocks losing value on the National Stock Exchange (NSE). The Nifty Bank index increased by 315.90 points (0.62%) to 51,103.35, and the Nifty Midcap 100 index rose 107.70 points (0.19%) to 55,385.65. The Nifty Smallcap 100 index also gained 25.65 points (0.14%), reaching 17,873.55.
Among the top gainers in the Sensex were ICICI Bank, SBI, NTPC, Tata Motors, Bajaj Finserv, Infosys, Asian Paints, and Sun Pharma. In contrast, L&T, ITC, Tech Mahindra, JSW Steel, Power Grid, and Bharti Airtel were among the top losers.
Asian markets displayed mixed results, with Jakarta, Hong Kong, and Bangkok trading lower, while Tokyo, Shanghai, and Seoul were in the green.
Looking ahead, analysts predict the Nifty may find support at 24,150 and face resistance at 24,300. The week’s market performance will depend on upcoming quarterly results, geopolitical tensions, and global economic data.
In a separate celebration, the stock market saw a significant upswing on Diwali, breaking a five-day losing streak. The Sensex soared by 848 points (1.06%) to 80,242, and the Nifty climbed 224 points (0.93%) to 24,405 around midday.
This rally was largely driven by banking stocks, with the Nifty Bank index increasing by 606 points (1.22%) to 51,405. All sectors posted gains, including auto, PSU banks, financial services, pharma, FMCG, metal, real estate, energy, and commodities.
