Sensex Ends 676 Points Higher, Nifty Nears 24,900; Maruti Jumps 9%.
Equity benchmarks closed sharply higher on Monday as optimism around proposed Goods and Services Tax (GST) changes lifted investor sentiment. The S&P BSE Sensex climbed 676.09 points to 81,273.75, while the NSE Nifty50 advanced 245.65 points to 24,876.95, reclaiming key technical levels.
Vinod Nair, Head of Research at Geojit Financial Services, said the expected rationalisation of GST has boosted confidence, while the peaceful outcome of the US-Russia summit eased global anxiety. “The auto sector outperformed as a key beneficiary of potential tax reforms. In H2 FY26, we expect consumption-driven sectors to show renewed traction,” he noted.
Top Gainers & Losers
Maruti Suzuki surged 8.94%, leading the rally, followed by Bajaj Finance (+5.02%), UltraTech Cement (+3.71%), Bajaj Finserv (+3.70%), and Mahindra & Mahindra (+3.54%).
On the downside, ITC (-1.26%), L&T (-1.18%), Eternal (-1.16%), Tech Mahindra (-1.02%), and NTPC (-0.91%) capped gains.
Analysts said the Nifty reclaiming its 20-day exponential moving average (24,750) is a positive signal. Sustaining above this level could open the path to 25,250, though traders are advised to focus on sectoral rotation, particularly in auto and consumption themes, while adopting a stock-specific, risk-managed approach.
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