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Indian stock indices opened the week with solid gains, led by robust performance in banking and financial stocks. On Monday, the Bank Nifty index surged to an all-time high of 57,000, reflecting bullish sentiment across the banking sector.

Both benchmark indices carried the momentum throughout the session and ended trading in green. The Sensex climbed 256.22 points or 0.31 per cent to settle at 82,445.21, while the Nifty added 100.15 points or 0.40 per cent to close at 25,103.20.

Among the day’s top Sensex performers were Kotak Mahindra Bank, Bajaj Finance, Axis Bank, Power Grid, and IndusInd Bank. On the flip side, Zomato (Eternal), ICICI Bank, Titan, M&M, and Adani Ports ended as key laggards.

Broader markets outshone the benchmarks. The Nifty Smallcap 50 jumped 1.87 per cent, while the Nifty Smallcap 100 gained 1.57 per cent in the session.

Sectorally, most indices ended in positive territory. Auto, IT, PSU banks, financial services, pharma, metal, and media stocks witnessed buying interest. The Nifty Midsmall Financial Services and Financial Services Ex-Bank indices stood out and closed 2.11 per cent and 1.93 per cent higher respectively. Realty stocks, however, lagged behind, with the Nifty Realty index closing in the red.

Rally Fueled by Policy Moves and Global Cues

Financials continued their upward trajectory, lifted by recent supportive measures from the Reserve Bank of India, including a rate cut and a reduction in the Cash Reserve Ratio (CRR). These moves have encouraged market optimism by signalling increased liquidity in the coming months.

“These actions have boosted investor confidence and are expected to enhance liquidity in the near to medium term, especially in midcaps. The positive US jobs data and renewed optimism over US-China trade talks lifted global sentiment. Domestically even large caps expressed renewed momentum led by FIIs inflows,” said Vinod Nair, Head of Research, Geojit Investments Limited.

The Bank Nifty, which reached a fresh high of 57,049 during the session, has broken out from a month-long ascending triangle pattern. “This upward breach follows multiple failed attempts and finally clears the previous congestion zone with conviction,” explained Om Mehra from Samco Securities.