Indian Stock Markets Rise on Monday; Sensex Gains 485 Points Amid SBI Rally

Market Update at 03:49 PM: Indian stock markets closed higher on Monday, led by strong gains in State Bank of India (SBI) following the release of its Q3 results. Investor sentiment was further supported by positive developments in the India-U.S. trade front.

On Friday, India and the U.S. released a joint statement outlining a framework for the Interim Trade Agreement (ITA), following the announcement of the trade deal earlier last week. Market participants welcomed this development as it is expected to enhance bilateral trade and investment flows.

At the close, the BSE Sensex stood at 84,065.75, up 485.35 points or 0.58 per cent. The NSE Nifty50 ended at 25,867.3, gaining 173.6 points or 0.68 per cent.

Broader markets also showed strong momentum, with the Nifty Mid-Cap index rising 1.58 per cent, while the Nifty Small-Cap index surged 2.64 per cent, reflecting broad-based buying across sectors.

On the BSE, SBI was the top gainer, rallying 7.57 per cent. Other notable gainers included Titan, UltraTech Cement, Tata Steel, and Eternal. Conversely, Power Grid, NTPC, ICICI Bank, and ITC were the primary laggards.

Sectorally, it was a sea of green as all indices ended higher. Nifty PSU Bank, Media, and Consumer Durables were the standout performers, each advancing by more than 3 per cent.

Market Update at 02:29 PM: Indian equity markets traded with a positive bias on Monday, supported by strong buying interest in State Bank of India (SBI) following its Q3 earnings announcement. Market sentiment was further boosted by optimism around the India–U.S. trade deal and progress toward an Interim Trade Agreement (ITA).

On Friday, India and the U.S. released a joint statement outlining a framework for the ITA, following the announcement of the trade deal earlier last week. The development lifted investor confidence across sectors, particularly in banking and cyclical stocks.

As of 2 PM, the Nifty 50 was trading 0.6 per cent or 155 points higher at 25,850, while the Sensex was up 0.5 per cent or 430 points at 84,010.

SBI shares jumped 6.1 per cent, emerging as the top gainer on the Nifty after its Q3 results. Other stocks supporting the benchmark included Tata Steel, Kotak Bank, Adani Enterprises, HCL Tech, Adani Ports, Jio Financial Services, TCS, Dr Reddy’s Laboratories, and Hindalco.

On the downside, Eicher Motors, Nestle India, ICICI Bank, Hindustan Unilever, ITC, Bajaj Finance, Axis Bank, and Bharti Airtel were among the Top Losers on the Nifty during the session.

Broader markets outperformed the frontline indices, with the Nifty Midcap index gaining 1.29 per cent and the Nifty Smallcap index rising 2 per cent, indicating improved risk appetite among investors.

Sectorally, the Nifty PSU Bank and Nifty Media indices outperformed, each registering gains of over 3 per cent. In contrast, the Nifty FMCG index underperformed the benchmark indices amid selective profit booking.

Market Update at 12:25 PM: Indian stock markets were trading higher on Monday as buying interest in State Bank of India (SBI), optimism over the India-U.S. trade deal, and solid global cues lifted investor sentiment.

On Friday, India and the U.S. released a joint statement outlining a framework for the Interim Trade Agreement (ITA), following the announcement of the trade deal last week. This development further strengthened market confidence.

As of 12:03 PM, the Nifty 50 was trading 0.6 per cent or 146 points higher at Rs 25,838.7, while the Sensex was trading 0.5 per cent or 414.8 points higher at Rs 83,995.2.

Among individual stocks, SBI shares rallied 6.1 per cent, emerging as the top gainer. Other notable gainers on the Nifty included Tata Steel, Kotak Bank, Adani Enterprises, HCL Tech, Adani Ports, Jio Financial Services, TCS, Dr Reddy's Laboratories, and Hindalco.

On the downside, Eicher Motors, Nestle India, ICICI Bank, HUL, ITC, Bajaj Finance, Axis Bank, and Bharti Airtel were the top losers on the Nifty.

In the broader markets, the Nifty MidCap index gained 1.29 per cent, while the Nifty SmallCap index added 2 per cent.

Among sectors, Nifty PSU Bank and Nifty Media outperformed with gains of over 3 per cent, whereas the Nifty FMCG index underperformed the benchmark indices.

Market Update at 10:20 AM: Indian equity benchmarks opened sharply higher on Monday, tracking positive global cues and strong sentiment after the India–U.S. trade deal joint statement issued over the weekend. Markets were further supported by U.S. President Donald Trump’s executive order revoking 25 per cent penal tariffs.

In early trade, the Nifty50 crossed the 25,800 mark, while the BSE Sensex surged over 500 points. At around 9:18 AM, the Nifty50 was trading at 25,819.00, up 125 points or 0.49 per cent. The BSE Sensex stood at 83,994.31, higher by 414 points or 0.50 per cent.

Market participants remain cautious despite the strong opening. Domestic equities may stay range-bound in the near term, with stock-specific action driven largely by corporate earnings, amid lingering global uncertainties.

Asian markets opened higher on Monday, mirroring gains on Wall Street after a volatile previous week marked by concerns over stretched valuations in technology stocks. The positive momentum followed a strong close in U.S. markets on Friday.

The Dow Jones Industrial Average crossed the historic 50,000 mark, while the S&P 500 ended sharply higher, supported by strong gains in Nvidia and other Semiconductor stocks. However, Amazon shares declined after the company indicated a significant rise in spending on artificial intelligence infrastructure.

In commodities, gold and silver prices extended their upward trend as the U.S. dollar weakened. Investor focus now shifts to the upcoming U.S. labour market data later this week, which is expected to offer cues on the future path of interest rates set by the U.S. Federal Reserve.

Pre-Market Update at 7:57 AM: Indian stock market benchmark indices Sensex and Nifty 50 are expected to open higher on Monday, tracking strong cues from global markets. Asian equities traded firmly in the green, led by Japan, while U.S. stock futures also edged higher, supporting positive sentiment for domestic equities.

Asian markets witnessed broad-based gains, with Japanese stocks touching record highs after a decisive election victory by Prime Minister Sanae Takaichi. Japan’s Nikkei 225 surged 5.6 per cent to cross the 57,000 mark for the first time, while the Topix climbed over 3 per cent to a record high. South Korea’s Kospi jumped 4.15 per cent and the Kosdaq rallied 2.97 per cent. Hong Kong’s Hang Seng Index futures indicated a higher opening.

Back home, investors will track several key market triggers this week, including developments around the India–U.S. trade deal, inflation data, Q3 corporate earnings, foreign fund flows, global geopolitical updates, and other important domestic and global macroeconomic indicators.

On Friday, Indian equity markets closed higher after the Reserve Bank of India’s policy announcement, supported by buying in select heavyweight stocks. The Sensex rose 266.47 points, or 0.32 per cent, to settle at 83,580.40, while the Nifty 50 gained 50.90 points, or 0.20 per cent, to close at 25,693.70.

Early indicators point to a strong start for domestic indices. Gift Nifty was trading around the 25,947 level, a premium of nearly 212 points over the previous close of Nifty futures, indicating a gap-up opening for Indian markets.

Wall Street ended sharply higher on Friday, with the Dow Jones Industrial Average crossing the historic 50,000 mark for the first time. The Dow rallied 2.47 per cent to close at 50,115.67, while the S&P 500 gained 1.97 per cent to 6,932.30. The Nasdaq Composite advanced 2.18 per cent to 23,031.21. On a weekly basis, the Dow rose 2.5 per cent, the S&P 500 slipped 0.1 per cent, and the Nasdaq declined 1.9 per cent.

Technology stocks led the rally, with Nvidia shares surging 7.8 per cent, Advanced Micro Devices jumping 8.3 per cent, and Broadcom rising 7.1 per cent. Apple added 0.80 per cent, Microsoft climbed 1.90 per cent, while Amazon fell 5.55 per cent. CrowdStrike and Palantir gained over 4 per cent each.

On the macro front, India and the United States announced an interim trade framework ahead of a Bilateral Trade Agreement, committing to expand trade ties and reduce U.S. reciprocal tariffs to 18 per cent. The development is seen as a positive trigger for Indian markets.

In Japan, Prime Minister Sanae Takaichi’s coalition secured a historic mandate in Sunday’s snap election, winning 316 of 465 seats in the lower house, the best-ever result for the Liberal Democratic Party. Markets reacted positively, with equities rallying, bonds weakening and the yen declining. Benchmark 10-year Japanese government bond futures fell 0.37 yen to 131.22, while the 30-year bond yield rose as much as 6.5 basis points to 3.615 per cent.

In commodities, gold and silver prices extended gains as the U.S. dollar weakened. Spot gold rose 1.4 per cent to USD 5,029.09 per ounce after a sharp rally in the previous session, while U.S. gold futures for April delivery climbed to USD 5,051 per ounce. Spot silver gained 2.5 per cent following a 10 per cent jump earlier.

Crude oil prices declined as geopolitical tensions in the Middle East eased. Brent crude slipped 0.72 per cent to USD 67.56 per barrel after losing nearly 4 per cent last week, while U.S. West Texas Intermediate crude fell 0.71 per cent to USD 63.09 per barrel.

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Disclaimer: The article is for informational purposes only and not investment advice.