The Indian stock market continued its bullish momentum on Monday, with both benchmark indices closing higher. The BSE Sensex jumped 638.12 points to settle at 85,567.48, while the NSE Nifty gained 206 points to close at 26,172.40, staying above the 26,000 mark.
Market optimism was supported by foreign institutional investor inflows and expectations of a possible rate cut by the U.S. Federal Reserve, which kept investor sentiment positive throughout the session. During trading, Sensex touched a high of 671.97 points.
Top Gainers and Losers
Among Sensex constituents, Trent led the rally with a 3.56% gain, followed by Infosys, Tech Mahindra, HCL Tech, TCS, Bharti Airtel, Bharat Electronics, Tata Motors, Reliance Industries, and Maruti, all closing in the green. On the other hand, State Bank of India fell 0.6%, with Kotak Mahindra Bank, Larsen & Toubro, and Titan also recording losses.
Stocks Showing Strong Buying
Shares displaying strong buying interest included Jupiter Wagons, Cochin Shipyard, Devyani International, Ramkrishna Forgings, Solar Industries India, GE Vernova T&D India, and Mazagon Dock Shipbuilders. These stocks have crossed their 52-week highs, signaling potential upward momentum.
Stocks Showing Bearish Signals
On the downside, the MACD indicator suggests bearish trends for Reliance Power, Hexaware Technologies, Siemens Energy India, Cholamandalam Investment & Finance, Dixon Technologies (India), Home First Finance, and Motherson Sumi Wiring India, indicating that these stocks may face near-term pressure.
Disclaimer: The stock suggestions mentioned are based on analysts’ opinions or brokerage reports and not those of Navbharat Times. Investors are advised to consult certified financial experts before making investment decisions, as market conditions can change rapidly.
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