Benchmark equity indices ended higher for the second straight session on Monday, tracking firm global cues, with gains led by IT, metal and auto stocks.
The S&P BSE Sensex advanced 638.12 points to close at 85,567.48, while the NSE Nifty50 rose 206 points to finish at 26,172.40.
Vinod Nair, Head of Research at Geojit Investments Limited, said the market’s year-end rally continued on the back of strong liquidity and supportive global signals, as expectations of further US Federal Reserve easing in 2026 buoyed investor sentiment.
“FIIs turned net buyers, reinforcing the positive undertone, with IT and metals driving the gains. Gold scaled a record high, supported by rate-cut expectations, aggressive central bank buying, steady ETF inflows and elevated global tensions, including Ukraine’s strike on a Russian vessel,” he said.
Nair added that investors are now looking ahead to the Q3 GDP estimate for policy cues, with growth expected to remain resilient, even as caution lingers over stalled trade negotiations, geopolitical risks and volatility in crude oil prices.
Comments are closed.