Markets posted strong gains on Monday, with the Sensex climbing 566.96 points, or 0.67 per cent, to close at 84,778.84. The Nifty 50 advanced 170.90 points, or 0.66 per cent, to settle at 25,966.05, buoyed by optimism over progress in US–China trade negotiations and softer-than-expected US inflation data that renewed hopes of a Federal Reserve rate cut this week.
“The domestic market witnessed a broad-based recovery owing to progress in the US–China trade talks. Meanwhile, gold prices declined as demand for safe-haven assets waned. Softer-than-expected US CPI data renewed expectations of a Fed rate cut this week, boosting investor confidence,” said Vinod Nair, Head of Research, Geojit Investments Limited.
Top Gainers
led the rally, gaining 2.56 per cent to ₹2,081.05. followed with a 2.24 per cent rise to ₹1,484.00.
Eternal Ltd. advanced 2.19 per cent to ₹333.75, while State Bank of India climbed 2.08 per cent to ₹923.25. Tata Motors Passenger Vehicles (TMPV) rounded out the top five, adding 1.64 per cent to ₹410.10.
Top Losers
was the biggest laggard, falling 1.74 per cent to ₹2,148.85. Bharat Electronics Ltd. slipped 1.62 per cent to ₹415.20, while Infosys dropped 1.35 per cent to ₹1,504.80.
Adani Ports declined 0.56 per cent to ₹1,420.45, and Bajaj Finance eased 0.47 per cent to ₹1,084.20.