Stock Market Highlight: Nifty, Sensex See Biggest Intraday Jump Since 2021

The benchmark indices ended higher on Monday as they closed above 3%. The Indian stock markets experienced a significant surge on first day of the ongoing week, driven by improved investor sentiment following a notable reduction in tensions between India and Pakistan.

Nifty 50 ended 3.82% higher at 24,924.70 and Sensex ended 3.74% up at 82,429.90.

This positive development, coupled with encouraging signals from ongoing US-China trade talks, propelled the benchmark indices up by nearly 4%.

The BSE Sensex saw a strong intraday rise of 3.73%, or nearly 2,900 points, reaching 82,419.17, after opening 1.70% higher at 80,803.80. Meanwhile, the NSE Nifty 50 opened 1.72% higher at 24,420.10 and surged 3.84% intraday to touch 24,930, breaking out of the narrow trading range it had been confined to over the previous week.

The gains in the equity markets were largely attributed to the easing of geopolitical tensions and positive developments in international trade negotiations. Investors responded positively to these factors, leading to a robust performance in the stock market.

Shares of Infosys Ltd., Adani Enterprises Ltd., Shriram Finance Ltd., HCLTech Ltd., and Trent Ltd. contributed the most to gains in the Nifty 50.

While those of IndusInd Bank Ltd. and Sun Pharma dragged.

In terms of point contribution HDFC Bank Ltd. was the top contributor as it added over 100 points to Nifty 50 on Monday. Meanwhile Sun Pharma Ltd. weighed the most on Nifty 50, reducing 14.19 points from it.

On NSE, all sectors ended higher. Nifty IT was the top gainer as it surged following the news of US and China deal on tariff. IT was closely followed by Nifty Realty and Nifty Metal, as they gained nearly 6% each.

In broader market, BSE MidCap and BSE SmallCap both outperformed benchmark BSE Sensex as they ended higher at 3.84% and 4.16%, respectively.

The market breath was skewed in the favour of buyers as 2,039 stocks advanced and 109 stocks declined on the NSE.