Markets extended their morning gains during Monday’s trading session, with the Sensex rising 391.56 points to 80,991.47 and the Nifty 50 climbing 141.70 points to 24,707.05 by 1.10 PM. The benchmark indices maintained their upward momentum from the opening bell, building on early strength that saw the Sensex open at 80,765.83 and the Nifty at 24,628.
Metal and auto stocks dominated the gainers’ list, with Tata Steel leading the charge with a 4.28 per cent increase to ₹159.56. Hero MotoCorp followed closely with a 3.35 per cent gain to ₹4,456, while Bharat Electronics Limited advanced 2.80 per cent to ₹387.75. JSW Steel contributed to the metal sector’s strength, rising 2.33 per cent to ₹1,051.70, and Eicher Motors rounded out the top five gainers with a 2.08 per cent increase to ₹5,643.
Banking and utility stocks faced selling pressure, with Power Grid Corporation declining 0.77 per cent to ₹289. HDFC Life Insurance dropped 0.74 per cent to ₹736.20, while Oil and Natural Gas Corporation slipped 0.68 per cent to ₹235.18. HDFC Bank, despite being among the most traded stocks by value, fell 0.57 per cent to ₹2,000.80, and State Bank of India declined 0.42 per cent to ₹790.70.
Market breadth remained positive across the BSE, with 2,148 stocks advancing against 1,798 declining issues. A total of 108 stocks hit their 52-week highs, while 111 touched their 52-week lows. The broader market showed stronger momentum than the benchmarks, with the Nifty Midcap 100 surging 1.02 per cent to 57,216.10.
Sectoral performance was mixed, with the Nifty Next 50 gaining 0.87 per cent to 66,768.80, while banking indices remained subdued. The Nifty Financial Services index managed a marginal 0.03 per cent gain to 26,500.35, and the Nifty Bank index rose just 0.05 per cent to 55,645.40.
Trading activity remained robust, with 238 stocks hitting their upper circuits against 228 in lower circuits. The session reflected continued domestic institutional buying support against persistent foreign institutional selling, as markets navigated ongoing concerns about US-India trade relations and global economic uncertainties. Analysts maintained their cautious outlook, recommending selective stock picking amid the current market volatility.
More Like This
Published on August 4, 2025