Share Market Update: On Monday, the Indian stock market made a strong comeback after a slump on the Budget day. Both the Sensex and Nifty 50 closed with significant gains. The Sensex surged over 900 points, ending at 81,666.46, while the Nifty rose 262.95 points to close at 25,088.40.
Market Drivers: The rally followed news of a trade deal between India and the United States. Under the deal, the U.S. reduced the reciprocal tariff on Indian goods from 25% to 18%, raising expectations of further market gains.
Sector Performance: Infrastructure and auto stocks led the market gains. Key sector indices closed with the following increases:
- Nifty Infra: +2.26%
- Nifty Auto: +2.13%
- Nifty PSE: +2.04%
- Nifty Oil & Gas: +2.04%
- Nifty Metal: +1.88%
- Nifty Commodities: +1.87%
Only Nifty IT (+0.47%) and Nifty Healthcare (+0.08%) lagged behind.
Market Breadth: Gains were seen across large-cap, mid-cap, and small-cap stocks. The Nifty Midcap 100 rose 546.80 points (+0.96%) to 57,667.60, and the Nifty Smallcap 100 added 105.20 points (+0.64%) to 16,523.35.
Top Performers: Leading gainers included 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. On the other hand, Axis Bank, Infosys, TCS, Trent, Titan, and Kotak Mahindra Bank were among the laggards.
Expert Insights: Analysts attribute the rally to a sharp drop in global crude oil prices and value-based buying following Budget day losses. Rupak De, Senior Technical Analyst at LKP Securities, noted, “After a sharp fall, Nifty has shown a strong rebound.” Vinod Nair, Head of Research at Geojit Investments, added that the market was initially unsettled due to the increase in STT and government borrowing plans for FY26-27. However, the Budget’s focus on policy continuity, growth, and fiscal discipline has strengthened medium-to-long-term investor confidence.
Stocks Seeing Strong Buying: MRPL, Anant Raj, Sundaram Finance, Latent View Analytics, Century Plyboards, Power Grid, and Hindustan Zinc are attracting strong investor interest. More than 68 stocks have surpassed their 52-week highs, signaling bullish momentum.
Stocks Showing Weakness: Intellect Design Arena, Cholamandalam Finance, PB Fintech (Policybazaar), Bharat Dynamics, Godfrey Phillips, Jyoti CNC, and Oil India are showing signs of decline, indicating potential correction.
Disclaimer: The stock suggestions mentioned are based on individual analysts’ or brokerage firms’ recommendations, not those of Navbharat Times. Investors are advised to consult certified financial experts before making any investment decisions, as market conditions can change rapidly.
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