New Delhi: Dalal Street witnessed a continuation of bullish momentum on Monday, with both benchmark indices closing higher. The BSE Sensex rose 485.35 points (0.58%) to 84,065.75, while the NSE Nifty gained 173.60 points (0.68%) to close at 25,867.30.
Market Overview
Investor optimism surrounding the India-US trade agreement, coupled with strong buying in public sector banks, durable consumer goods, and realty stocks, supported the market. During the session, the Sensex briefly touched a high of 84,314.68, climbing 734.28 points from the previous close. Meanwhile, the Nifty scaled an intraday high of 25,922.25.
Among Sensex constituents, SBI, Titan, UltraTech Cement, Tata Steel, Eternal, Bharat Electronics, Kotak Mahindra Bank, Indigo, Trent, Mahindra & Mahindra, Larsen & Toubro, Sun Pharmaceuticals, and Asian Paints led the rally. In contrast, PowerGrid, NTPC, ITC, ICICI Bank, Infosys, HDFC Bank, Tech Mahindra, Maruti Suzuki India, and Axis Bank ended in the red.
Stocks Showing Strong Buying
Stocks attracting significant buying interest included Shipping Corporation, SBI, Kalyan Jewellers, PCBL, Transformers & Rectifiers (TARIL), and BEML. Many of these shares surpassed their 52-week highs, signaling potential upward momentum.
Stocks Showing Weakness
Technical indicators such as the MACD suggested bearish signals for Max Healthcare Institute, NTPC, ITC, IDBI Bank, REC, PFC, Concord Biotech, Caplin Point, and Sarda Energy, indicating a possible start of downward movement in these stocks.
Disclaimer: The stock suggestions mentioned above are based on individual analysts’ or brokerage recommendations, not NBT’s. Investors are advised to consult certified experts before making any investment decisions, as market conditions can change rapidly.
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