Indian equity benchmarks extended their upward momentum on Monday, registering strong gains for a second straight session.
Markets drew support from positive signals surrounding an interim framework for the India-US trade agreement.
At the close, the Sensex rose 485 points, or 0.58 per cent, to finish at 84,065. The Nifty advanced 173 points, gaining 0.68 per cent, to settle at 25,867.
The sustained rally reflected improving investor confidence and steady risk appetite.
Broader indices outperformed the frontline benchmarks. The Nifty Midcap 100 climbed 1.58 per cent, while the NSE Smallcap 100 jumped 2.64 per cent. This outperformance signalled renewed interest in mid- and small-cap stocks.
Supportive trends across Asian markets reinforced domestic sentiment throughout the trading session.
Stable regional cues helped investors maintain a positive bias despite selective participation.
Sectorally, buying activity concentrated in PSU banks, consumer durables, real estate, defence, pharmaceuticals, and automobile stocks.
Information technology shares showed mixed movement as investors assessed evolving global technology trends and overseas demand conditions.
All sectoral indices ended in positive territory. Nifty Media led the gains, surging 4.37 per cent.
The Nifty Consumer Durables followed with a rise of 3.60 per cent. Nifty PSU Bank gained 3.34 per cent, while Nifty Realty advanced 2.61 per cent. Nifty Metal added 1.56 per cent.
Market analysts noted that participation moderated after a strong early surge.
Investors avoided aggressive positioning ahead of key domestic and global macroeconomic data releases. This cautious approach reflected a preference for measured accumulation rather than broad-based risk-taking.
Experts, however, believe the market has entered a phase of gradual recovery and consolidation.
Near-term direction will likely depend on global economic signals, currency movements, and the durability of risk-on sentiment, particularly foreign institutional fund flows.
In the currency market, the Indian rupee strengthened by 0.12 per cent to close at 90.68 against the US dollar. The appreciation added to overall market confidence.
Technically, analysts identified immediate support for the Nifty in the 25,550-25,600 range.
A stronger demand zone lies between 25,450 and 25,500. Bank Nifty continues to consolidate in the 60,500-60,700 band, indicating healthy absorption of recent gains rather than profit-led distribution.
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