The Sensex and the Nifty 50 rebounded on Monday, snapping a three-session losing streak, as gains in Sun Pharmaceutical Industries and supportive global cues lifted market sentiment.
The Sensex rose 639.42 points, or 0.83 percent, to close at 77,303.63, while the Nifty 50 advanced 194.75 points, or 0.81 percent, to settle at 24,092.70.
Buying in Sun Pharma, Reliance Industries and select banking and IT stocks lifted the benchmarks. Investor sentiment also improved on reports that the US and Iran may resume peace talks.
Improved sentiment on possible US-Iran peace talks
Better-than-expected Q4 FY26 earnings
Support from domestic-focused sectors
Persistent concerns over crude oil above $100 per barrel
Ongoing uncertainty around the Strait of Hormuz
Vinod Nair of Geojit Investments said domestic-oriented sectors such as banking, FMCG, capital goods, consumer discretionary and manufacturing supported the recovery.
He added that IT stocks attracted interest despite muted results due to valuation comfort and long-term accumulation strategies. Markets are now closely watching the US Federal Reserve’s policy decision and rate outlook.
Sun Pharma: up nearly 7 percent on Organon acquisition plan ($11.8 billion deal)
Reliance Industries: gained over 3 percent despite mixed Q4 results
Jio Financial Services: up over 3 percent
IT stocks rebound: Tech Mahindra, Wipro, TCS, HCLTech among key gainers
39 Nifty stocks advanced
11 stocks declined
Shriram Finance: down 4 percent after Q4 results
Axis Bank: down 3 percent
BEL: declined
Tata Consumer: declined
Trent: declined
Vodafone Idea: 33.99 crore shares traded
Suzlon Energy: 21.59 crore shares traded; strong monthly rally
JP Power: over 10 crore shares traded
Reliance Power: 7.72 crore shares traded
Ola Electric: 7.65 crore shares traded