The domestic equity benchmarks ended Monday’s session with solid gains, supported by global optimism over potential U.S. Federal Reserve rate cuts. The Nifty 50 advanced 0.66% to close at 25,966, while the Sensex rose 0.67% to 84,779. Broader markets also participated, with the midcap index up 1% and the smallcap index gaining 0.93%.
Investor sentiment improved following softer-than-expected U.S. inflation data, progress in trade discussions between the U.S., China, and India, robust festive season demand expectations, and signs of a pickup in domestic private investment. Major gainers included Reliance Industries, SBI Life Insurance, Bharti Airtel, and Tata Steel, while Kotak Mahindra Bank, Infosys, and Adani Ports lagged.
According to Rupak De of LKP Securities, Nifty remained stable above its breakout zone, suggesting potential for further upside, with dips likely to attract buying. Vinod Nair of Geojit Investments added that easing global pressures and domestic reforms supported earnings growth optimism.
For intraday trades, experts recommended Laurus Labs, SBI, HUL, KFin Technologies, ICICI Bank, Netweb Technologies, Eternal Ltd, and Welspun Corp, citing bullish setups and favorable technical indicators.
