Markets End In Green After HDFC Bank, ICICI Lift The Mood, Sensex Over 400 Points Higher
The Indian stock markets ended the trading session on Monday with robust gains, moving away from the losses incurred last week. Both benchmarks, Sensex and Nifty, closed the session in green. The BSE Sensex settled at 82,200, soaring close to 450 points, while the NSE Nifty50 ended trading close to 25,100, jumping 127 points.
On the Sensex, Eternal, ICICI Bank, HDFC Bank, M&M, and BEL emerged among the gainers. While Eternal (Zomato)'s shares settled a whopping 7.31 per cent higher, both ICICI Bank and HDFC Bank ended over 2 per cent higher each. Meanwhile, the laggards included Reliance, HCL Tech, HUL, TCS, and ITC.
In the broader markets, the Nifty Financial Services climbed 1.62 per cent. Sectorally, the Nifty Financial Services 25/50 dominated in green and gained 1.37 per cent, while the Oil & Gas index took a hit of 1.09 per cent.
Notably, the beginning to today's trading session was a bit choppy after the indices reversed the sentiment from the pre-open session and started the morning on a muted note. By the time markets officially opened at 9:15 AM, the Sensex had risen over 100 points to 81,892.62, but the Nifty quickly pared its gains and slipped 2.6 points to 24,965.80. Momentum faded further within minutes, and by 9:21 AM, both indices dipped into the red. The Sensex lost nearly 90 points to trade below 81,670, and the Nifty fell 37 points, breaching the 24,950 mark.
Despite the initial dip, selective buying in heavyweight counters provided support. ICICI Bank and HDFC Bank emerged as key gainers that helped recoup some of the early losses. Market sentiment remained mixed, with investors weighing the potential outcome of geopolitical developments and quarterly earnings performance.
Foreign Institutional Investors (FIIs) remained net buyers on Friday, having purchased equities worth Rs 374.74 crore, as per exchange data. This marginal positive inflow added to Monday morning’s early optimism, although the broader cues remained cautious.
Trade Deal Speculation Keeps Traders Guarded
Investor focus is now squarely on the anticipated developments from the ongoing US–India trade discussions. Analysts believe that the outcome of these talks could have significant market implications.
"The single most important factor which the market will be focusing on in the coming days will be the outcome of the trade talks between the US and India. If an interim trade deal between the two countries is reached with a tariff rate of less than 20 per cent on India, that would be positive from the market perspective," noted V K Vijayakumar, Chief Investment Strategist at Geojit Investments Ltd.
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