Finance
Indian equities indexes ended Monday’s trading session close to their peak for the day snapping a three-day losing streak. The Sensex jumped 550 points, or 0.70%, to finish the session at 80,365, while the Nifty 50 ended the day 200 points, or 0.81%, higher at 24,625.
The Nifty Bank also followed the market as a whole, closing at 54,000, up 345 points or 0.65%. The benchmarks were outperformed by the small and midcap equities, which surged. At 45,375, the BSE Midcap fell 730 points, or 1.64%. However, the BSE Smallcap ended the day at 52,216.64, down 767 points, or 1.50%.
In Q1FY26, India’s GDP grew 7.8%, a five-quarter high that easily exceeded the RBI’s prediction of 6.5%. According to S&P Global, the HSBC India Manufacturing PMI increased from 59.1 in July to 59.3 in August, indicating continued growth in the industry, which bolstered the optimism.
Global cues also came into play after a US federal appeals court decided on August 29 that President Donald Trump did not have the legal right to impose broad tariffs on the majority of countries, even though his protectionist trade policies are still in effect for the time being.
Nevertheless, the Nifty50 ended 198.20 points, or 0.81 percent, higher at 24,625.05 levels, while the BSE Sensex ended 554.84 points, or 0.70 percent, higher at 80,364.49 levels.
Apart from that, Sun Pharma, ITC, and Hindustan Unilever were some of the biggest laggards on the BSE, while M&M, Tata Motors, and Trent were the top gainers.
On the NSE, IndusInd Bank, Bharti Airtel, and Adani Enterprises were among the biggest losers, while NTPC, Titan, and Dr. Reddy were the top winners.
Moreover, broader indices rose. SmallCap closed 1.57 percent lower, while the Nifty Midcap 100 index closed 1.97 percent higher.
With the exception of Nifty Pharma (down 0.12%) and Media (down 0.32%), every sector finished in the positive range. With a gain of 2.8%, Nifty Auto was the largest gainer, followed by IT (up 1.59%), Metal (up 1.64%), and Consumer Durables (up 2.08%).
Nifty Metal (1.76%), Auto (1.40%), and Pharma (1.30%) were the next biggest losers, with Realty falling 2.11 percent.
Source: BS
