Indian share markets staged a stunning comeback on Monday, closing with significant gains after navigating early jitters. The BSE Sensex vaulted 943.52 points—a solid 1.17%—to 81,666.46, and NSE Nifty ascended 262.95 points (1.06%) to 25,088.40. This emphatic bounce reflects renewed buying interest in cyclical sectors.
Infrastructure spearheaded the advance at 2.26%, with autos (2.13%), PSE and oil & gas (2.04% each), metals (1.88%), and commodities (1.87%) in hot pursuit. IT shed 0.47%, and healthcare dipped 0.08%, marking the exceptions in an otherwise upbeat landscape.
Mid and smallcaps amplified the rally: Nifty Midcap 100 up 0.96% at 57,667.60, Nifty Smallcap 100 higher by 0.64% at 16,523.35. Top Sensex risers were Power Grid, Adani Ports, BEL, M&M, L&T, Indigo, UltraTech Cement, Asian Paints, ITC, Bajaj Finserv, Tata Steel, NTPC, ICICI Bank, and Maruti Suzuki, showcasing broad sectoral support.
Laggards comprised Axis Bank, Infosys, TCS, Trent, Titan, and Kotak Mahindra Bank. Rupak De from LKP Securities highlighted the index’s forceful snapback from lows but stressed persistent weakness below the 200 DMA, advising caution.
He outlined strategy: use rallies to de-leverage and go short, with Nifty facing resistance at 25,200 and support near 24,900. Global signals were mixed, leading to a subdued open—Sensex down 0.21% to 80,555.68, Nifty off 0.12% at 24,796.50—yet rapid buying flipped the script, closing the day on a high note and raising hopes for sustained recovery.