Benchmark equity indices BSE Sensex and Nifty 50 ended higher on Monday, supported by gains in PSU banks, auto and financial shares, after investor sentiment improved following a US Supreme Court ruling that struck down the Trump administration’s broad tariff measures.
Extending gains for a second straight session, the 30-share Sensex rose 479.95 points, or 0.58 per cent, to close at 83,294.66. During the day, it surged as much as 671.44 points, or 0.81 per cent, touching an intraday high of 83,486.15. On the BSE, 2,435 stocks declined, 1,894 advanced and 168 remained unchanged.
The 50-share Nifty climbed 141.75 points, or 0.55 per cent, to settle at 25,713. It advanced up to 200.2 points, or 0.78 per cent, during intraday trade to reach a high of 25,771.45.
Among Sensex constituents, Adani Ports emerged as the top gainer with a rise of 2.98 per cent. Other major gainers included Kotak Mahindra Bank, UltraTech Cement, PowerGrid, Hindustan Unilever, HDFC Bank, Axis Bank, Bharti Airtel, State Bank of India, Titan, Mahindra & Mahindra and Larsen & Toubro. In contrast, Infosys, Tech Mahindra, Trent, HCL Technologies, Bajaj Finserv, Tata Consultancy Services, ITC, Bharat Electronics Ltd, Eternal, Tata Steel and IndiGo ended in the red.
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Ajit Mishra, SVP, Research at Religare Broking Ltd, said sentiment strengthened largely due to the US Supreme Court’s move to nullify earlier import tariffs, which temporarily eased global trade concerns and boosted risk appetite. However, he added that the ongoing volatility in the index reflects persistent uncertainty on the global front, while domestic triggers remain subdued.
Broader markets closed on a mixed note. The BSE Smallcap Select Index gained 0.41 per cent, while the Midcap Select Index declined 1.56 per cent. Nair observed that the IT sector remained under pressure amid unresolved concerns about AI-driven disruptions. Still, investors showed preference for domestic-oriented themes, with banking, power, FMCG and consumer discretionary stocks attracting interest on expectations of steady demand and economic recovery.
On the sectoral front, PSU Bank led the gains with a 1.4 per cent rise, followed by Services (0.97 per cent), Hospitals (0.89 per cent), Healthcare (0.76 per cent), Power (0.72 per cent), Auto (0.71 per cent), Financial Services (0.65 per cent), FMCG (0.54 per cent) and Utilities (0.52 per cent). Meanwhile, Information Technology, Focused IT, Commodities, the Private Banks Index, Bankex, Consumer Durables, Metal and Realty sectors closed lower.
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