NewsOrbital Desk | Mumbai | October 6:
India’s stock markets kicked off the week with solid gains, closing in positive territory for the third consecutive trading session on Monday. The BSE Sensex surged 582.95 points to settle at 81,790.12, while the NSE Nifty advanced 183.40 points to close at 25,077.65.
Market sentiment was buoyed by strong performance in financial services and IT sectors, backed by encouraging quarterly updates from leading banks. Additionally, a revision in CGHS (Central Government Health Scheme) rates fueled a rally in healthcare-related stocks.
The day began with mixed cues, but buying momentum picked up as the session progressed. The Nifty Bank index ended 515.60 points higher, reflecting strong investor interest. Other major sectoral indices, including Nifty IT, Financial Services, and Healthcare, also posted notable gains.
However, not all sectors fared equally well. Stocks in metals, media, and public sector enterprises (PSEs) showed slight weakness by the close of trade.
Top Gainers:
Leading the market uptrend were stocks like TCS, Tech Mahindra, Axis Bank, Bajaj Finance, Zomato, Infosys, Kotak Mahindra Bank, HCL Tech, and Maruti Suzuki.
Top Losers:
On the downside, Tata Steel, Power Grid, Titan, NTPC, Tata Motors, and Asian Paints were among the notable laggards of the day.
Investor enthusiasm wasn't limited to large-cap stocks. Midcap and smallcap segments also witnessed healthy buying. The Nifty Midcap 100 index climbed 511.75 points to close at 58,015.10, while the Nifty Smallcap 100 gained 49.90 points, ending at 17,928.05.
Market Outlook:
While investors remain cautiously optimistic ahead of Q2 earnings announcements, improving consumer demand trends have sparked hope for stronger third-quarter performance. Analysts suggest the broader market mood remains positive but measured.
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