Indian equity benchmarks posted a record-breaking rally on Monday morning, led by strong institutional buying, positive earnings momentum, and renewed optimism across the banking and IT sectors.
The BSE Sensex rose by 622.80 points or 0.79% to 79,176.00, hitting a fresh lifetime high. It opened at 78,903.09, touched a high of 79,203.35, and had a low of 78,776.06 in the opening trades. This marked a significant jump from its previous close of 78,553.20.
Simultaneously, the Nifty 50 crossed the historic 24,000 mark, up 176.70 points or 0.74%, trading at 24,028.35. The index opened at 23,949.15 and surged to a high of 24,040.30, compared to a previous close of 23,851.65.
The rally was particularly sharp in the Bank Nifty, which outperformed headline indices, gaining 947.10 points or 1.74% to reach 55,237.30. The banking index opened strong at 54,891.25, climbed to an intraday high of 55,262.70, and moved above its previous close of 54,290.20.
Sectorally, banking, capital goods, and IT stocks led the surge, with support from heavyweight financial names after upbeat brokerage commentary and healthy Q4 updates.
Market analysts attributed the upward move to a combination of positive domestic sentiment, earnings upgrades, and FII flows, with technical indicators also pointing to continued bullish momentum.
With all three major indices — Sensex, Nifty, and Bank Nifty — scaling new highs, market participants are closely watching upcoming earnings, RBI commentary, and global macro triggers to assess if the rally has more legs.
Disclaimer: The above content is based on publicly available market data and does not constitute investment advice. Please make any and every investment decision after consulting your financial advisor.
