The Indian stock market witnessed a strong rally on Monday, with the Sensex jumping over 455 points to close at 82,176, while the Nifty 50 hit a milestone by ending just above 25,001 — marking a gain of around 0.6%.
The rally was broad-based, with key sectors like Auto, Metal, and IT leading the charge. According to analysts, investor confidence was buoyed by a string of positive developments, including India officially overtaking Japan to become the world’s fourth-largest economy. This economic milestone, combined with favorable domestic indicators, contributed to the bullish sentiment.
Adding to the momentum, the Reserve Bank of India announced a record ₹2.11 lakh crore dividend payout to the Centre. Experts said this would help bridge the fiscal deficit and support a healthy macroeconomic environment, particularly as inflation trends downward and interest rates continue to soften.
In total, 107 stocks touched their 52-week highs, including notable names like APL Apollo Tubes, Divis Laboratories, HDFC AMC, ICICI Bank, HDFC Life, Max Financial Services, MRF, and Solar Industries India.
Conversely, 42 stocks hit 52-week lows, including Advani Hotels & Resorts, Chembond Chemicals, Last Mile Enterprises, and Signpost India.
Globally, the easing of trade tensions also played a part in uplifting sentiment. The United States’ decision to extend its trade negotiation deadline with the European Union has reduced fears of renewed tariffs. Closer to home, the early arrival of the monsoon further strengthened the overall market outlook.
