The Nifty closes above 25,000, the Sensex closes 455 points higher, while Eternal falls 5%

India’s benchmark equity indices surged on Monday, buoyed by a convergence of positive global and domestic cues. The BSE Sensex climbed 455.37 points to close at 82,176.45, while the NSE Nifty50 breached the 25,000-mark, ending 148 points higher at 25,001.15—a psychologically significant level. The rally reflected optimism from institutional investors as well as retail participants, especially in mid-cap and auto counters.

Global factors driving the rally:

• Investor sentiment got a boost after US President Donald Trump signaled a delay in imposing tariffs on the EU, easing global trade war concerns.

• A decline in the dollar index also lifted risk appetite in emerging markets, including India.

Domestic triggers:

• The early arrival of the southwest monsoon, historically linked to rural demand and agricultural output, strengthened hopes of a consumption boost.

• Falling bond yields pointed to easing inflation concerns and raised the appeal of equities relative to fixed-income assets.

• Anticipation of robust Q4 GDP data, alongside a strong earnings season, further lifted the mood.

Sectoral performance:

• All sectoral indices ended in the green, with Auto and IT stocks outperforming.

• Top gainers on the Nifty50 included Bajaj Auto, JSW Steel, M&M, Trent, and Hindalco.

• On the other hand, Eternal, Ultratech Cement, Kotak Mahindra Bank, Power Grid, and NTPC were among the laggards.

Market commentary:

Vinod Nair of Geojit Financial Services described the session’s strength as a mix of constructive macro signals and investor-friendly fundamentals, citing both external (US-EU tariff delay, dollar weakness) and internal factors (monsoon, bond yields, GDP optimism).

Technical analyst Aditya Gaggar of Progressive Shares pointed out that while the Nifty opened strong, it traded in a consolidated range, reflecting resistance at the 24,930–25,060 zone. A breakout above this level, he noted, could pave the way toward 25,200, whereas 24,860 now serves as an immediate support.

Broader market dynamics:

• Mid-cap stocks kept pace with benchmarks.

• Small-caps underperformed slightly, suggesting selective risk-on sentiment.

As traders look ahead, the market’s ability to sustain above the key resistance band will depend on upcoming global macro announcements, monsoon progress, and GDP data. Momentum remains positive but increasingly tied to technical breakouts and earnings visibility.