Sensex, Nifty start week on strong note; pharma and financial stocks lead rally
Market sentiment was largely driven by gains in the pharma, financial, and auto sectors
PTC Web Desk: Benchmark stock indices opened the week on a positive trajectory, bringing much-needed relief to Dalal Street investors. The S&P BSE Sensex surged 341.04 points to settle at 74,169.95, while the NSE Nifty50 gained 111.55 points to close at 22,508.75.
Market sentiment was largely driven by gains in the pharma, financial, and auto sectors, while real estate and FMCG stocks underperformed. Broader indices also saw an uptick, adding nearly 0.5% each.
Top Gainers and Losers
Among the top gainers, Dr Reddy's Laboratories (DRREDDY) led the rally with a 3.93% surge, followed by SBI Life Insurance, which climbed 3.89%. Bajaj Finserv gained 3.74%, while Trent and Axis Bank added 2.54% and 2.36%, respectively.
On the losing side, Wipro recorded the biggest decline, falling 1.53%. BPCL slid 1.13%, followed by Hero MotoCorp (1.11%), ITC (1.03%), and Nestlé India (0.96%).
Analysts believe that a decisive rally will depend on earnings growth signals, while domestic economic indicators hint at a potential recovery. Investors are also keeping a close watch on the upcoming Federal Reserve (FED) and Bank of Japan (BOJ) meetings, as inflation risks and tariff uncertainties could influence global market trends.
