The BSE Sensex closed higher on Monday, gaining 341.04 points or 0.46 per cent to end at 74,169.95, while the NSE Nifty 50 rose 111.55 points or 0.50 per cent to 22,508.75. The market saw a positive momentum driven by financial and auto stocks, with Bajaj Finserv and M&M emerging as top gainers.
Top Gainers:
– Bajaj Finserv surged 3.59 per cent to ₹1,871.85 on optimism in the financial sector.
– Mahindra & Mahindra (M&M) followed with a 2.41 per cent rise to ₹2,707.00, driven by strong demand in the auto segment.
– Axis Bank gained 2.36 per cent to close at ₹1,033.95, benefiting from increased investor confidence in banking stocks.
– Bajaj Finance advanced 1.91 per cent to ₹8,580.00 as financial stocks gained momentum.
– Adani Ports added 1.63 per cent to end at ₹1,137.20, supported by positive infrastructure outlook.
Top Losers:
– Asian Paints fell 0.50 per cent to ₹2,219.80, impacted by higher raw material costs.
– Reliance Industries slipped 0.56 per cent to ₹1,240.40 amid profit booking.
– State Bank of India (SBI) declined 0.69 per cent to ₹722.70, reversing earlier gains.
– Nestlé India dropped 0.76 per cent to ₹2,175.30 due to concerns over input cost inflation.
– ITC was the biggest loser, falling 0.98 per cent to ₹407.80 as investors locked in profits.
The market gains were led by the financial sector, with Bank Nifty rising 1.42 per cent and Nifty Financial Services climbing 1.68 per cent. While investors remained cautious over global cues, the optimism in banking and auto stocks helped sustain the market momentum on Monday.
