The Indian stock market ended Monday’s session with a steady rally, supported by strong buying in metal, IT, and construction stocks. This came despite global worries over US tariffs and weak American employment data.
Sensex closed at 81,018.72, gaining 418.81 points or 0.52 per cent. The 30-share index opened with a gap-up at 80,765.83, rising from the previous close of 80,599.91.
Momentum extended further through the day as buying continued in key sectors. It touched an intraday high of 81,093.19.
Nifty also ended strong at 24,722.75, up 157.40 points or 0.64 per cent.
Markets opened with resilience despite global weakness. Gains in Indian stock market benchmarks were driven by sectors like metals, autos, media, construction, and IT.
Ashika Institutional Equities noted strong investor interest in growth sectors.
Consumer goods, energy, and financial stocks faced mild selling pressure.
Meanwhile, global cues remained weak, with soft US job data raising hopes of a Fed rate cut in September.
Key gainers from Sensex included Tata Steel, Adani Ports, BEL, TCS, Tech Mahindra, Bharti Airtel, HCL Tech, Trent, Mahindra & Mahindra, Ultratech Cement, L&T, and Titan. Power Grid, HDFC Bank, and ICICI Bank closed lower.
Sector indices saw notable moves. Nifty IT jumped 553 points (1.6%), and Nifty Auto rose 376 points (1.61%). Nifty Bank and Nifty Financial Services ended flat.
The rally extended to broader markets. Nifty 100 gained 180 points (0.72%), Midcap 100 surged 795 points (1.4%), and Small Cap 100 rose 225 points (1.27%).
Ajit Mishra, SVP of Research at Religare Broking, said markets opened the week positively after recent corrections.
Midcap and smallcap stocks saw a relief rally. However, he warned that markets have shown a recurring trend — gains early in the week often fade later. Traders should focus on sustained trends rather than short-term rebounds, he advised.
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