Mumbai: India’s equity markets started the week on a positive note, with key benchmarks rising on Monday, driven by strong corporate earnings and supportive global market trends. The Nifty 50 climbed 0.75% to 25,899.5, while the BSE Sensex advanced 0.77% to 84,613.19 by 9:17 a.m. IST. Gains were broad-based, with all 16 sectors recording increases at the opening bell. The small-cap and mid-cap indices also rose, up approximately 0.2% and 0.7%, respectively, reflecting a market-wide optimism.
Leading the charge was conglomerate Reliance Industries, whose shares rose 2.7% despite missing quarterly profit estimates. Analysts highlighted the company’s strong core earnings, robust retail performance, and an encouraging outlook for future earnings as key drivers of investor confidence. Reliance’s performance set a positive tone for the market, supporting broader indices and attracting significant attention from institutional investors.
Private sector lenders also played a pivotal role in shaping the market sentiment. HDFC Bank’s stock gained 1% following better-than-expected quarterly profits and an improvement in asset quality. Conversely, ICICI Bank experienced a modest decline of about 2% despite reporting strong results, reflecting mixed investor reactions. The performance of these major banks underscored the continuing strength and resilience of India’s financial sector amid global economic uncertainties.
Overall, Monday’s market opening highlighted a combination of corporate earnings momentum and favorable international cues. Investors responded positively to strong domestic performance and optimism in global financial markets, setting a confident tone for the trading week ahead in India.