Stock Market Today Highlights: The domestic benchmark indices, Nifty 50 and Sensex, increased on Monday following the announcement of a preliminary framework for a trade agreement with the United States and robust earnings from India’s largest bank, State Bank of India, which boosted market sentiment, along with encouraging global indicators.
The Nifty 50 climbed by 0.68% to reach 25,867.3, while the BSE Sensex rose by 0.58% to hit 84,065.75.
Out of the 16 major sectors, 15 experienced gains, with small-cap and mid-cap indexes increasing by 2.6% and 1.6%, respectively.
Experts indicated that generally positive earnings, especially from mid- and small-cap firms, were also bolstering market sentiment.
Nifty 50 and Sensex, commenced the week with optimism, buoyed by the interim trade framework between India and the US, along with encouraging global indicators and robust earnings from the State Bank of India.
The Nifty 50 increased by 0.45% to reach 25,808.5, while the BSE Sensex climbed 0.5% to touch 83,995.64, as of 9:15 IST.
Out of the 16 major sectors, 15 experienced gains. The broader small-cap and mid-cap indices appreciated by 0.6% and 0.9%, respectively.
On Friday, the US and India made progress towards a trade agreement by unveiling an interim framework designed to reduce tariffs, redefine energy partnerships, and enhance economic collaboration, as both nations aim to adjust their global supply chains.
Globally, Asian markets traded higher, with Japan’s Nikkei surging to record high levels above 57,000 after Prime Minister Sanae Takaichi won a landmark election victory. US stock futures also gained. On Friday, Dow Jones Industrial Average surged above the historic 50,000 mark for the first time.
Stocks to Watch Today
The stocks to watch today include, SBI, Reliance Industries, Tata Steel, Power Finance Corporation (PFC), REC, Mahindra & Mahindra (M&M), Shree Cements, Biocon, BEML, Tata Chemicals, Aurobindo Pharma, Force Motors, Indian Renewable Energy Development Agency, among others.
Zydus Lifesciences, Amber Enterprises India, Bajaj Electricals, Bata India, GlaxoSmithKline Pharmaceuticals, Happiest Minds Technologies, Navin Fluorine International, P N Gadgil Jewellers, Ramco Cements, Sun Pharma Advanced Research Company, Trident, and Vadilal Industries shares will also be in focus as these companies will release their Q3 results today.
Stay tuned to our Stock Market Today LIVE Blog for the latest updates.