Indian Stock Market Sees Strong Recovery, Sensex Surges 678 Points
In a significant turn of events, the Indian stock market began the week on a strong note, recouping all of Friday’s losses with an all-round gain across sectors. According to reports from CNBC-TV18, the Nifty closed above the 24,900 mark, while the Sensex surged 678 points to end at 81,796. The Nifty gained 228 points to settle at 24,947, supported by strong buying in banking, financials, energy, and midcap stocks.
As noted by CNBC-TV18, broader markets saw a sharp recovery from intra-day lows, with the Nifty Midcap index climbing over 1,000 points from its day’s low. The Midcap index ended 541 points higher at 58,769, while the Nifty Bank index added 418 points to close at 55,945. This remarkable recovery is a testament to the market’s resilience and the investors’ confidence in the Indian economy.
The Nifty pack saw 46 of the 50 stocks end in the green, with heavyweights like Reliance Industries and banking majors being the top contributors to the rally. Insurance stocks witnessed strong buying interest, with SBI Life, HDFC Life, and Max Financial gaining 2-3%. As CNBC-TV18 reported, "Reliance Industries and banking majors were the top contributors to the rally." This indicates that the market leaders are playing a crucial role in driving the market forward.
However, not all stocks performed equally well. Tata Motors was the top Nifty loser, falling 4% after its subsidiary JLR gave a muted outlook for FY26. On the other hand, Indraprastha Gas (IGL) rallied over 6% on reports suggesting the Delhi government may ease its electric vehicle policy. PI Industries rose more than 4% after Morgan Stanley upgraded the stock, while IIFL Finance extended its upmove with another 3% gain, continuing the recent rally in gold financiers. As CNBC-TV18 noted, "Tata Motors was the top Nifty loser, falling 4% after its subsidiary JLR gave a muted outlook for FY26."
The market’s performance is a significant indicator of the country’s economic health, and experts believe that the current trend is likely to continue. According to CNBC-TV18, the market’s strong performance is driven by a combination of factors, including strong buying in banking, financials, energy, and midcap stocks. The Indian market’s resilience in the face of global challenges is a testament to its strength and stability.
In conclusion, the Indian stock market has started the week on a strong note, with the Sensex surging 678 points and the Nifty closing above the 24,900 mark. As reported by CNBC-TV18, the market’s performance is driven by strong buying in various sectors, and experts believe that the current trend is likely to continue. With the Indian economy showing signs of growth and stability, investors are optimistic about the market’s prospects.
