Markets Rally: Sensex Gains 400 Points, Nifty Tops 25,050 on Banking Support
Indian stock markets soar as Sensex rises 400 pts and Nifty crosses 25,050, driven by strong buying in ICICI Bank, HDFC Bank, SBI, Axis Bank, and Infosys.
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Markets Rally: Sensex Gains 400 Points, Nifty Tops 25,050 on Banking Support
The Indian stock market ended Monday on a strong note, with both benchmark indices posting significant gains led by buying in heavyweight banking stocks. The BSE Sensex climbed over 400 points to close near 83,000, while the NSE Nifty breached the key 25,050 level, marking a fresh record high.
The rally was primarily driven by strong performances from private sector banks and financial institutions. Positive investor sentiment was further fueled by robust earnings and steady global cues.
Top gainers of the day included:
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ICICI Bank
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HDFC Bank
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Axis Bank
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Infosys
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State Bank of India (SBI)
ICICI Bank and HDFC Bank led the pack with solid gains, following better-than-expected quarterly results and improved credit outlook. Axis Bank and SBI also saw significant buying interest, contributing to the bullish sentiment in the banking space. Tech major Infosys joined the rally after announcing new client wins and strong guidance for the upcoming quarters.
“The banking sector’s strong earnings trajectory is supporting the market’s upward momentum. With robust macroeconomic fundamentals and healthy FII inflows, investors are confident,” said a senior market strategist.
Sectoral indices reflected this optimism, with Nifty Bank, Financial Services, and PSU Bank indices closing with notable gains. The broader market also remained firm, with midcap and smallcap indices participating actively in the uptrend.
Stable crude oil prices and positive cues from other Asian markets added to the upbeat tone on Dalal Street.
Market participants now turn their focus to upcoming corporate earnings and global central bank updates for further cues.
