Sensex ends 455 points higher, Nifty settles above 25,000; Eternal tanks 5%
Benchmark indices closed Monday's session on a firm footing, buoyed by supportive global cues and domestic triggers. Investor sentiment improved after US President Donald Trump signalled a delay in imposing additional tariffs on the European Union, while encouraging signs on the monsoon and bond yields added fuel to the rally.The BSE Sensex ended 455.37 points higher at 82,176.45, while the NSE Nifty50 rose 148 points to close at 25,001.15. Broader markets also held firm, with continued momentum in mid-cap and small-cap stocks.advertisementAll sectoral indices ended in the green, with auto and IT stocks topping the gainers' list. The top five performers on the Nifty50 were Bajaj Auto, JSW Steel, M&M, Trent, and Hindalco. Lagging behind were Eternal, Ultratech Cement, Kotak Mahindra Bank, Power Grid, and NTPC.
Vinod Nair, Head of Research at Geojit Financial Services, attributed the day's strength to a combination of constructive global signals and improving domestic fundamentals. 'The US decision to consider extending the deadline for imposing aggressive tariffs on EU, coupled with a decline in the dollar index, contributed to a rebound in the domestic equity markets," he said. "Additionally, the early onset of the southwest monsoon and a decline in domestic bond yields have encouraged investors to maintain their focus on riskier assets.'He added that expectations of stronger Q4 GDP data and improved rural consumption after a solid earnings season also supported the broader rally.advertisementAditya Gaggar, Director at Progressive Shares, pointed to technical factors that kept the Nifty's movement restricted. 'Despite a strong opening, the Index failed to build on the initial momentum and traded within a narrow range throughout the session, eventually ending at 25,001.15 with gains of 148 points,' he said. 'All the sectors closed in green, with Auto and IT leading the gains.'Gaggar added that while midcaps largely kept pace with the benchmark, smallcaps underperformed. He flagged the 24,930–25,060 zone as a key resistance band: 'A decisive close above this range is critical to sustain the ongoing upward momentum and open the door for a potential move towards the 25,200 mark. On the flip side, support has been shifted higher to 24,860.'As traders eye the next set of global cues and upcoming domestic data, market participants will be watching whether the rally sustains beyond the current technical thresholds.
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