Indian equity markets extended their winning streak for a second straight session on Monday, February 9, buoyed by strong buying across sectors. Improved clarity on the India-US trade deal, renewed foreign fund inflows and supportive macro signals from the Reserve Bank of India lifted investor sentiment.
The Sensex rose 485 points, or 0.58 percent, to close at 84,065.75, while the Nifty 50 advanced 174 points, or 0.68 percent, to end at 25,867.30. Broader markets outperformed, with sharp gains in mid and small-cap stocks.
The rally added nearly ₹6 lakh-crore to investor wealth in a single session, taking the total market capitalisation of BSE-listed companies to ₹473 lakh-crore, up from ₹467 lakh-crore in the previous session.
Several factors supported Monday’s gains:
• Improved sentiment after the India-US interim trade framework was outlined last week
• Foreign institutional investors returning as buyers
• Easing global geopolitical concerns
• A weaker dollar and stable inflation outlook
• Strong earnings momentum in PSU banks
Vinod Nair of Geojit Investments said positive trade signals and FII buying pushed markets into a clear risk-on mode. He added that sectors such as cement, capital goods, textiles and consumer discretionary attracted interest, helped by Union Budget proposals and favourable trade developments.
Mid and small-cap stocks once again led the rally:
• BSE 150 MidCap Index rose 1.66 percent
• BSE 250 SmallCap Index surged 2.45 percent
Market breadth was firmly positive, with over 3,100 stocks advancing against around 1,200 declines on the BSE.
Top gainers included:
• SBI up 7.63 percent
• Shriram Finance up 6.03 percent
• Grasim Industries up 3.11 percent
A total of 34 stocks ended higher in the benchmark index.
Top losers were:
• Max Healthcare Institute down 2.82 percent
• NTPC down 1.05 percent
• ITC down 0.95 percent
All sectoral indices ended in the green. The strongest performers were:
• Nifty Media up 4.37 percent
• Consumer Durables up 3.60 percent
• PSU Bank up 3.34 percent
Nifty Bank rose 0.91 percent to close at 60,669, while the Financial Services index gained 1.25 percent.
• Most active by volume: Vodafone Idea, Tata Silver ETF and IFCI
• 27 stocks jumped over 15 percent on the BSE, including Kalyan Jewellers, Shipping Corporation of India and Transformers and Rectifiers
• 148 stocks touched 52-week highs, including SBI, Tata Steel, Adani Ports and Shriram Finance
• 100 stocks hit 52-week lows, including Vindhya Telelinks, Solara Active Pharma Sciences and Reliance Infrastructure
According to technical analysts, the 25,970–26,000 zone remains a key resistance for the Nifty. A sustained move above this level could push the index towards 26,200 and 26,400 in the short term. Immediate support is seen around 25,780–25,750.
With momentum firmly on its side, the market now looks to earnings cues and further clarity on global trade developments for its next trigger.
