Indian benchmark indices closed higher on Monday, extending their recent gains amid positive global cues and strong domestic sentiment. The S&P BSE Sensex rose 319.07 points to close at 83,535.35, while the NSE Nifty 50 advanced 82.05 points to end at 25,574.35. Most sectoral indices finished in positive territory, led by information technology, financials, and metals.
Among major movers, Infosys, Bajaj Finance, HCLTech, Coal India, and Asian Paints were the top gainers, while Trent, Max Healthcare, Tata Consumer Products, and Apollo Hospitals saw mild declines.
Global cues contributed significantly to the upbeat mood. Reports of the U.S. Congress nearing an agreement to end the prolonged government shutdown helped reduce uncertainty across global markets, lifting risk appetite. Market participants noted that this easing of tension has spurred buying interest in Indian equities.
Ponmudi R, CEO of Enrich Money, said that the resolution of global uncertainty has “fueled broad-based buying interest and reinforced a risk-on tone” in domestic markets. He noted that strong domestic inflows and healthy earnings momentum continue to support Indian equities despite intermittent volatility.
Vinod Nair, Head of Research at Geojit Financial Services, added that renewed foreign institutional investor (FII) activity and optimism surrounding Q2 earnings have strengthened market sentiment. He pointed out that improving macroeconomic indicators could lead to upward revisions in earnings estimates for the second half of FY26, supporting valuations and liquidity inflows.
Technically, the Nifty 50 rebounded after two sessions of mild weakness and continues to trade within its rising channel pattern. The index found support near 25,525, triggering short-covering toward the close. Analysts noted that as long as the index holds above 25,400, the broader uptrend remains intact, with potential resistance near 26,350. A breakout above 26,000 could push the Nifty toward 26,300, while a fall below 25,300 might prompt short-term profit booking.
The Bank Nifty remained range-bound, closing nearly flat after consolidating between 57,300 (support) and 58,100 (resistance). Analysts view this as a period of healthy consolidation rather than a reversal. Sustaining above 58,100 could open targets of 58,500–58,800, while a dip below 57,250 could lead to a short correction toward 56,800.
Overall, the outlook for Indian equities remains cautiously bullish. Analysts expect markets to stay steady in the near term, supported by firm fundamentals, strong corporate earnings, and continued foreign inflows. However, investors are likely to track developments around U.S. budget negotiations and upcoming economic data releases for fresh global cues.
