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Benchmark indices closed higher on Monday, with the BSE Sensex gaining 341.04 points or 0.46 per cent to close at 74,169.95, while the NSE Nifty 50 rose 111.55 points or 0.50 per cent to 22,508.75. The market was driven by strength in financial and auto stocks, with Bajaj Finserv and M&M emerging as top gainers.
Top Gainers
Bajaj Finserv led the rally, surging 3.59 per cent to ₹1,871.85, backed by optimism in the financial sector.
Mahindra & Mahindra (M&M) followed with a 2.41 per cent rise to ₹2,707.00, buoyed by strong demand in the auto segment.
Axis Bank gained 2.36 per cent, closing at ₹1,033.95, benefiting from increased investor confidence in banking stocks.
Bajaj Finance advanced 1.91 per cent to ₹8,580.00 as financial stocks gained momentum.
Adani Ports added 1.63 per cent, ending at ₹1,137.20, supported by positive infrastructure outlook.
Top Losers
On the downside, Asian Paints fell 0.50 per cent to ₹2,219.80, weighed down by higher raw material costs.
Reliance Industries slipped 0.56 per cent to ₹1,240.40 amid profit booking.
State Bank of India (SBI) declined 0.69 per cent to ₹722.70, reversing earlier gains.
Nestlé India dropped 0.76 per cent to ₹2,175.30 due to concerns over input cost inflation.
ITC was the biggest loser, falling 0.98 per cent to ₹407.80 as investors locked in profits.
The day’s gains were driven by strength in the financial sector, with Bank Nifty rising 1.42 per cent and Nifty Financial Services climbing 1.68 per cent. Investors remained cautious over global cues, but optimism in banking and auto stocks helped sustain momentum.
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