Mumbai – Indian shares rose on Monday, giving the market a bright start after Friday’s sharp sell‑off. The Sensex and Nifty both opened in the green, thanks to fresh optimism around the NDA’s win in the Bihar elections and strong moves in some key stocks.
The Sensex jumped 196 points, or 0.23 %, to 84,759, while the Nifty added 53 points, or 0.21 %, to 25,963. Analysts say the Nifty recovered from important support zones and is now trading above 25,900, hinting at a sideways‑to‑bullish mood. Short‑term support sits near 25,800 and 25,700, while resistance levels lie at 26,000 and 26,100. A sustained move above 26,100 could push the index toward the 26,250‑26,400 range in the coming weeks.
Early trading saw several major names climb up to 1 %. Kotak Bank, L&T, Titan Company, Ma & M, SBI, Tech Mahindra and ITC all posted gains. Tata Motors (PV) led the losses, falling 6 %. Other under‑performers included Eternal, Ultratech Cement, TCS, Power Grid and Infosys.
Midcap and small‑cap stocks added to the optimism, with the Nifty MidCap index up 0.45 % and the Nifty SmallCap index up 0.48 %. The banking sector was a key driver. Bank Nifty hit a fresh lifetime high of 58,830, rising 0.5 %. The Nifty PSU Bank index gained 1.2 %, while the Nifty Private Bank and FMCG indices each added 0.5 %. The Nifty Financial Services index nudged up 0.4 %.
Market analysts attribute the rally to renewed strength in banking stocks and improving investor sentiment across the board.
Overall, the Indian stock market showed a solid start to the week, with both large‑cap and smaller companies moving higher, and investors staying positive after last week’s election‑related news and a market rebound.
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