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 Drive Market Higher
Buying interest in leading banking counters helped keep the benchmarks in positive territory throughout the session.
Among the top gainers on the Sensex were HDFC Bank, M&M, Reliance, ICICI Bank, and Bharat Electricals, with financial stocks contributing significantly to the day’s advance. Strong participation in these heavyweight counters underpinned the broader market rally.
Realty, Auto And Oil & Gas Stocks Outperform
Sectoral performance remained largely positive, led by Nifty Realty, Nifty Auto and Nifty Oil & Gas, as investors accumulated stocks across these segments.
The gains reflected optimism in domestic cyclical sectors, with real estate and automobile companies attracting fresh buying interest during the session.
Broader Markets Register Modest Gains
The positive momentum was also visible beyond the benchmark indices, although gains in the broader market remained relatively measured.
The performance suggested investors continued to favour fundamentally strong stocks while remaining selective in their broader market exposure.
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