- Sensex climbs 677 pts, Nifty ends just shy of 25,000 on Monday.
- Gains in UltraTech Cement, Tech Mahindra, SBI Life, ONGC, and Cipla.
- U.S. markets rebound; oil prices ease amid cautious optimism over Middle East tensions.
Indian benchmark indices staged a strong rebound on Monday, with the Sensex rising 677 points and the Nifty closing just below the 25,000 mark. The rally came after two sessions of losses triggered by geopolitical tensions in the Middle East.
The uptrend was supported by easing global concerns, particularly after U.S. stocks staged a recovery. Oil prices, which had spiked due to the Israel-Iran conflict, retreated slightly, helping reduce investor anxiety.
Global Calm Lifts Indian Equities; RBI and Reliance Moves Add Momentum
The Indian stock market started the week on a strong note, with the Sensex surging over 677 points and the Nifty nearing 25,000, buoyed by favorable cues from global markets. Investors drew confidence from overnight gains in U.S. indices and a pullback in crude oil prices, offering a temporary relief from Middle East-related fears.
Leading the charge were stocks such as UltraTech Cement, Tech Mahindra, and SBI Life, each gaining up to 3%. The rally was concentrated in select large-cap names, while the broader market lagged—evident in the decline of smallcap and midcap indices. This divergence signals selective buying amid lingering concerns.
In corporate news, Reliance Industries executed a bulk deal to sell part of its holding in Asian Paints, worth over ₹18.7 billion. The move, viewed as part of portfolio realignment, triggered strong reactions across related sectors. The development was notable ahead of a volatile earnings season.
Meanwhile, the Reserve Bank of India introduced draft guidelines on rupee interest rate derivatives, aiming to align domestic frameworks with international best practices. This includes accommodating new products and participation by non-residents, reflecting India’s maturing financial landscape.
Despite global uncertainties, Monday’s rally highlighted investor resilience and strategic buying in heavyweight stocks. The market now awaits inflation data and global cues for direction.
“In investing, what is comfortable is rarely profitable.” — Robert Arnott
