The Indian stock markets soared high to end trading on Monday strongly. The benchmark indices, Sensex and Nifty, began the session with a strong sentiment and continued to end the markets close to 4 per cent higher.
The BSE Sensex rallied nearly 3,000 points and ended the session above 82,400, while the NSE Nifty50 surged over 900 points to settle at 24,925.
This rally was attributed to the rising sentiment in the market as India-Pakistan declared a ceasefire over the weekend and things seem to settle down a bit across the border.
On the 30-share Sensex, Sun Pharma and IndusInd Bank remained the only laggards. On the other hands, the gainers of the day were dominated by Infosys, HCL Tech, Tata Steel, Eternal, and Tech M.
In the broader markets, the indices closed the session higher. The Nifty Microcap 250 settled 4.63 per cent higher. Sectorally, the IT and Midsmall IT & Telecom indices ended the day 6.70 per cent and 6.24 per cent higher respectively.
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What Led To The Rally?
The positive momentum stemmed from signs of diplomatic progress on multiple fronts — including an understanding for a ceasefire between India and Pakistan, fresh optimism in US-China trade discussions, and emerging reports of peace talks between Russia and Ukraine.
These global cues collectively eased geopolitical tensions, contributing to a broad-based surge across Indian markets.
Ajit Mishra, SVP of Research at Religare Broking Ltd, noted the comprehensive nature of the rally. “All major sectors contributed to the rally, with IT, realty, and metals leading the gains. The broader markets also mirrored this strength, each advancing close to 4 per cent,” he said.
Another key indicator of improved sentiment was the sharp fall in the India VIX, the volatility index. The drop in VIX signalled a clear shift in investor mood, as easing geopolitical risks and progress on trade fronts injected confidence into the market.
