English
English
English
The rally was driven by heavyweight stocks, with Power Grid Corporation surging 7.42 per cent to Rs270, emerging as the top performer on the Nifty50. Tata Motors (PV) rallied 5.61 per cent to Rs364, Adani Ports advanced 4.28 per cent to Rs1,402.50, while Bharat Electronics and Tata Consumer Products gained 3.63 per cent and 3.11 per cent, respectively.
Sensex, Nifty rebound strongly after Budget day crash
New Delhi: Indian equity benchmarks staged a strong comeback on Monday, shrugging off the previous session’s Budget-day selloff.
The Sensex jumped 943.52 points, or 1.17 per cent, to close at 81,666.46, while the Nifty50 climbed 262.95 points, or 1.06 per cent, to 25,088.40, recovering sharply from the day’s low of 24,679.
Power Grid tops Nifty gainers
The rally was driven by heavyweight stocks, with Power Grid Corporation surging 7.42 per cent to Rs270, emerging as the top performer on the Nifty50. Tata Motors (PV) rallied 5.61 per cent to Rs364, Adani Ports advanced 4.28 per cent to Rs1,402.50, while Bharat Electronics and Tata Consumer Products gained 3.63 per cent and 3.11 per cent, respectively.
Financials, healthcare see selling
Despite the broad-based recovery, select pockets saw profit booking. Shriram Finance slipped 3.17 per cent to ₹966, leading the losers. Axis Bank declined 2.33 per cent, Max Healthcare fell 1.82 per cent, Infosys dropped 1.66 per cent, and Cipla ended 1.08 per cent lower.
Experts cite policy clarity, growth focus
“The market staged a smart rebound after the recent volatility triggered by the STT hike on F&O and higher government borrowing for FY27,” said Vinod Nair, Head of Research at Geojit Investments. “Policy continuity and the Budget’s focus on growth alongside fiscal discipline have supported confidence in the medium-to-long-term earnings outlook.”
Sectoral indices mostly positive
Sector-wise, gains were widespread, with all indices closing higher except Nifty IT, which slipped 0.50 per cent. The Capital Market index outperformed with a rally of over 3 per cent. Nifty Auto rose 2.1 per cent, aided by strong monthly sales data, while Oil & Gas stocks gained 2 per cent on the back of falling crude prices. FMCG, metals, energy, infrastructure and realty sectors advanced between 1–2 per cent.
Broader markets recover; breadth weak
Broader indices mirrored the rebound. The Nifty Midcap 100 rose 0.96 per cent, while the Nifty Smallcap 100 added 0.64 per cent. The Nifty Next 50 climbed 1.07 per cent. Market breadth, however, remained marginally negative, with declining stocks outnumbering advances on the BSE.
Rupee strengthens, crude tumbles
The rupee strengthened by 47 paise to 91.51 against the US dollar, supported by easing commodity prices and ample forex reserves. Analysts said corporate dollar selling and improved fiscal optics added to the currency’s resilience.
Meanwhile, Brent crude fell over 4 per cent to $66.45 per barrel, offering relief to domestic markets amid signs of easing geopolitical tensions.
