The domestic stock market’s upward trend persisted on Monday, marking the fifth consecutive day of rising prices. Trading opened positively, though a brief decline occurred as profit booking took hold right after the market opened. Soon after, buying resumed, propelling both the Sensex and Nifty indices upward. Consequently, the Sensex crossed the 79,000 milestone, while the Nifty topped 24,000. At the end of the trading session, the Sensex closed up by 1.09%, and the Nifty rose by 1.15%.
Significant buying activity was noted in the IT, banking, and oil and gas sectors, alongside robust performance from indices related to the automobile, capital goods, consumer durables, healthcare, metal, and public sector enterprises. However, the FMCG sector faced ongoing selling pressure. The broader market also saw consistent buying, resulting in the BSE Midcap index closing up by 2.20% and the Smallcap index by 1.67%.
The day’s market performance contributed to an increase of over ₹6 lakh crore in investor wealth, bringing the market capitalization of BSE-listed companies to ₹425.83 lakh crore (provisional), up from ₹419.60 lakh crore just last Thursday. Thus, investors saw an approximate gain of ₹6.23 lakh crore from today’s activities.
In terms of trading volume, 4,247 shares were actively traded on the BSE, with 2,917 ending in the green, 1,169 in the red, and 161 unchanged. On the NSE, 2,615 shares saw activity, with 2,079 closing positively and 536 negatively. In the Sensex, 23 out of 30 shares reported gains while 7 declined. Similarly, in the Nifty, 39 out of 50 shares closed higher, and 11 lower. Overall, the market sentiment was optimistic, reflected in the substantial gains across various indices and sectors.
The BSE Sensex commenced trading today with an increase of 349.89 points, reaching 78,903.09 points. However, it quickly dipped to 78,776.06 points due to selling pressure from profit booking shortly after the opening. Buyers then took control, leading to a robust buying spree that propelled the index up by 1,081.85 points, culminating at 79,635.05 points around 1 PM. By the end of the trading day, the Sensex concluded with a gain of 855.30 points, settling at 79,408.50 points.
Similarly, the NSE Nifty kicked off with a rise of 97.50 points, positioned at 23,949.15 points. Like the Sensex, it faced selling pressure that drove the index down to 23,903.65 points within the first quarter-hour. However, strong buying momentum soon emerged, allowing the index to surge by 337.90 points to 24,189.55 points by early afternoon. Eventually, Nifty finished the day with an increase of 273.90 points, reaching 24,125.55 points.
Among the day’s top performers, Tech Mahindra led the pack with a gain of 5.10%, followed by Trent Limited at 4.47%, IndusInd Bank at 4.22%, Hero MotoCorp at 3.85%, and Power Grid Corporation at 3.56%. On the downside, Adani Ports was one of the top losers, slipping by 1.29%, accompanied by HDFC Life at 1.09%, ITC at 1.00%, Hindustan Unilever at 1.01%, and Asian Paints at 0.93%.
Overall, the trading day showcased a significant rebound in both indices after initial declines, highlighting strong investor confidence and market resilience in the face of profit-taking early on.
