Mumbai, June 10: Indian stock markets closed higher for the fourth straight session on Monday, ed by strong gains in banking and financial stocks, coupled with positive cues from global markets. 5i2g18
The BSE Sensex gained 256.22 points, or 0.31%, to finish at 82,445.21, with 21 of its 30 components ending in the green. During intraday trade, the index had surged by as much as 480 points. Meanwhile, the Nifty 50 climbed 100.15 points, or 0.40%, to settle at 25,103.20.
Over the last four sessions, the Sensex has advanced by over 1,707 points (2.1%), and the Nifty has gained around 560 points (2.27%), reflecting sustained investor optimism.
Top Performers and Sector Highlights
Leading the gains on the Sensex were Kotak Mahindra Bank, Bajaj Finance, Axis Bank, Power Grid, IndusInd Bank, and Maruti Suzuki. Bajaj Finserv and NTPC also saw significant upward movement.
On the other hand, stocks such as ICICI Bank, Titan, Mahindra & Mahindra, Adani Ports, Tata Steel, and Bharti Airtel ended in the red.
The BSE small-cap index rose by 1.19%, while the mid-cap index climbed 1.03%, indicating strong investor interest in broader markets.
Among sectoral indices, utilities led the rally with a 1.65% gain, followed by power (1.43%), services (1.35%), oil & gas (1.12%), IT (1.02%), and energy (0.93%). The realty sector was the only notable laggard of the day.
Market Breadth and Global Influence
Market breadth remained strong, with 2,798 stocks advancing, 1,409 declining, and 128 remaining unchanged on the BSE.
Analysts attributed the gains to favorable global market trends, easing concerns around inflation, and positive momentum in large-cap financial stocks. The outlook remains cautiously optimistic as investors await key economic data and global central bank cues later in the week.
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