The Indian stock market extended its winning run on Monday, buoyed by easing trade tensions between the United States and China and growing expectations of a U.S. Federal Reserve rate cut. Key benchmark indices (Sensex) ended the day more than 0.6% higher, led by gains in heavyweight stocks and strong performances in banking and energy shares.
The Nifty 50 climbed 0.66% to close at 25,966.60, while the S&P BSE Sensex advanced 0.67% to finish at 84,778. Major contributors to the rally included Reliance Industries, Bharti Airtel, Infosys, SBI, and Axis Bank.
Broader markets mirrored the upbeat sentiment, with the Nifty Midcap 100 jumping 0.95% and the Nifty Smallcap 100 rising 0.83%.
Among sectoral indices, the Nifty PSU Bank index led the surge, soaring 2.22% to a record high of 7,990. The Nifty Oil & Gas index followed with a 1.52% gain, while the Nifty Realty and Nifty Metal indices rose 1.46% and 1.16%, respectively. The Nifty Auto and Nifty IT indices edged up 0.4% each. However, Nifty Media and Nifty Pharma ended marginally lower, slipping over 0.20%.
Global markets received a boost after U.S. President Donald Trump signaled progress toward a trade deal with China, ahead of his planned meeting with Chinese President Xi Jinping later this week. Speaking aboard Air Force One en route to Japan, Trump said both sides were close to reaching an agreement and hinted at a possible resolution on TikTok by Thursday.
Meanwhile, U.S. Treasury Secretary Scott Bessent confirmed that negotiators had finalized a “substantial framework” to prevent new U.S. tariffs on Chinese goods and delay China’s planned restrictions on rare-earth exports, further lifting global market sentiment.
Disclaimer: This article is for informational purposes only and should not be considered investment advice. Investors are encouraged to do their own research or consult a financial advisor before making any investment decisions.
