Indian equity benchmarks opened the week on a bullish note, driven by strong global cues and renewed risk-on sentiment among investors. After last week’s brief consolidation, both frontline indices bounced back sharply, tracking optimism over a potential U.S.–China trade breakthrough and encouraging U.S. inflation data. The rally was broad-based, with key sectors such as PSU banks, metals, realty, and oil & gas leading the uptrend.
The Sensex closed 566.96 points higher at 84,778.84, while the Nifty surged 170.9 points to end at 25,966.05. Market sentiment received a further boost after U.S. Treasury Secretary Scott Bessen ruled out any immediate plan to impose 100% tariffs on Chinese goods and hinted at possible increases in China’s soybean imports along with delays in export restrictions on rare earth elements. The dovish outlook on U.S. interest rates—following softer-than-expected inflation numbers—also reinforced expectations of potential rate cuts in 2025, triggering fresh buying across emerging markets.
Analysts said the Nifty’s ability to hold above its breakout zone signals continued market strength, with immediate support pegged at 25,700 and resistance around 26,000. A sustained move above this level could trigger a near-term rally toward 26,500. On the sectoral front, PSU banks and metals outperformed, while selective profit booking was seen in media and pharma counters. Among blue chips, Bharti Airtel, SBI, and Eternal were top gainers, each rising over 2%, whereas Kotak Mahindra Bank, Infosys, and Bajaj Finance saw mild pressure. Broader indices mirrored the positive momentum, with the Nifty Midcap and Smallcap indices advancing 0.93% and 0.82%, respectively.
