Stock Market Today: Nifty Ends Near Two-Month High; Sensex Closes 1,078 Points Higher

• All Sectoral Indices closed in Green

• Nifty PSU Bank closed higher for the 5th day in a row.

• Nifty Bank closed higher for the 8th day in a row.

• Nifty Financial Services, Auto, Pharma, closed higher for the 6th day in a row.

• Nifty Oil and Gas, Realty closed higher for the 5th day in a row.

• Nifty IT, FMCG closed higher for the 3rd day in a row.

• Nifty gains 1.4% for the day, led by Kotak Mahindra Bank, NTPC and SBI

• Sensex gains 1.44% for the day.

• Nifty Midcap 150 gains 1.1% for the day, led by IREDA, Bharat Dynamics and Nippon Life AMC.

• Nifty smallcap 250 gains nearly 1% for the day, JBM Auto, Finole Cables.

• Nifty PSU Bank top sectoral for the day, led by Canara Bank, Union Bank of India.

• Nifty: Nifty 50 added 307.95 points to close at 23,658.35, marking a 1.32% increase.

• Sensex: BSE Sensex added 1,078.87 points to close at 77,984.38, reflecting a 1.40% gain.

"What we are expecting on April 2 is that there will be some higher tariff element...we should expect even after the end of tariff war, higher level of tariff," says Gustavo Medeiros, Head Of Research at Ashmore Investment

Medeiros stated that he expects to see more volatility in 2025. Despite being structurally very bullish on India, he mentioned that they have reduced their exposure in the country.

Nifty Defence was up 3.70% on Monday. This was in sync with benchmark indices registering steady gains for sixth consecutive session. MTAR Tech and Zen Tech were the top gainers in the index as they gained over 7% each.