Sensex ends 776 points higher, Nifty nears 24,000; IT stocks rally
The BSE Sensex climbed 776.01 points, or 1.02%, to close at 76,835.78, while the NSE Nifty50 gained 228.50 points, or 0.96%, to settle at 23,995.95.
Benchmark indices snapped a five-session losing streak on Monday, with the Sensex surging over 770 points and the Nifty ending just shy of the 24,000 mark, as a sharp plunge in crude oil prices after the US and Iran paused strikes boosted investor sentiment.
The BSE Sensex climbed 776.01 points, or 1.02%, to close at 76,835.78, while the NSE Nifty50 gained 228.50 points, or 0.96%, to settle at 23,995.95.
The rally was broad-based, with IT, media, realty, auto and healthcare stocks leading the gains. Broader markets also outperformed, while India VIX, the market's fear gauge, plunged nearly 10%, reflecting easing volatility.
OIL PRICE PLUNGE LIFTS SENTIMENT
The biggest trigger for Monday's rally was the sharp fall in crude oil prices after the United States and Iran paused military strikes over the weekend, easing fears of a prolonged conflict in West Asia.
Brent crude tumbled 9.44% to $87.64 per barrel, while WTI crude fell 7.93% to $82.23. Lower crude prices are positive for India, which imports the bulk of its oil requirements, as they help reduce inflationary pressures, improve the fiscal outlook and lower input costs for businesses.
IT, REALTY AND MEDIA SHINE
Sectorally, Nifty Media emerged as the top performer, rising 2.39%, followed by Nifty IT, up 2.34%, and Nifty Realty, which gained 2.28%. Auto stocks also witnessed strong buying, with the Nifty Auto index advancing 1.60%.
Healthcare, FMCG and financial services indices also ended firmly in the green, signalling broad-based participation in the rally.
Among Sensex stocks, Eternal soared 5.63%, followed by InterGlobe Aviation (IndiGo), Infosys, Bajaj Finance, Asian Paints, Mahindra & Mahindra, Bajaj Finserv and HCLTech. HDFC Bank, Power Grid and Axis Bank were among the few laggards.
Broader markets remained upbeat as well. The Nifty Midcap 50 rose 1.28%, Nifty Smallcap 100 gained 1.31%, while the Nifty 500 advanced 1.05%.
FALLING VIX SIGNALS LOWER MARKET FEAR
Investor confidence also improved sharply, with India VIX declining 9.76%. The drop in the volatility index suggests traders expect relatively lower near-term market turbulence after geopolitical tensions eased.
Vinod Nair, Head of Research at Geojit Investments Limited, said the easing geopolitical situation has significantly improved market sentiment.
"A pause in strikes in West Asia has eased concerns over rising import costs and inflation, triggering a relief rally in markets. The sharp correction in crude oil prices, along with a decline in long-term bond yields, has also raised hopes of a durable resolution, supported by signs of long unwinding," he added.
INVESTORS AWAIT CENTRAL BANK MEETINGS
"Key central bank policy meetings this week, led by the Fed, BoE, and BoJ, may provide greater flexibility to maintain the status quo on interest rates. On the domestic front, a narrowing rainfall deficit is adding comfort to the inflation outlook, supported by better-than-expected Q1 earnings and a positive business outlook," said Vijaykumar.
With geopolitical concerns easing for now, investors will shift their focus to this week's monetary policy meetings of the US Federal Reserve, Bank of England and Bank of Japan for cues on the global interest rate outlook.
Domestic earnings announcements and trends in crude oil prices are also expected to remain key drivers of market sentiment in the coming sessions.
(Disclaimer: The views, opinions, recommendations, and suggestions expressed by experts/brokerages in this article are their own and do not reflect the views of the India Today Group. It is advisable to consult a qualified broker or financial advisor before making any actual investment or trading choices.)
Benchmark indices snapped a five-session losing streak on Monday, with the Sensex surging over 770 points and the Nifty ending just shy of the 24,000 mark, as a sharp plunge in crude oil prices after the US and Iran paused strikes boosted investor sentiment.
The BSE Sensex climbed 776.01 points, or 1.02%, to close at 76,835.78, while the NSE Nifty50 gained 228.50 points, or 0.96%, to settle at 23,995.95.
The rally was broad-based, with IT, media, realty, auto and healthcare stocks leading the gains. Broader markets also outperformed, while India VIX, the market's fear gauge, plunged nearly 10%, reflecting easing volatility.
OIL PRICE PLUNGE LIFTS SENTIMENT
The biggest trigger for Monday's rally was the sharp fall in crude oil prices after the United States and Iran paused military strikes over the weekend, easing fears of a prolonged conflict in West Asia.
Brent crude tumbled 9.44% to $87.64 per barrel, while WTI crude fell 7.93% to $82.23. Lower crude prices are positive for India, which imports the bulk of its oil requirements, as they help reduce inflationary pressures, improve the fiscal outlook and lower input costs for businesses.
IT, REALTY AND MEDIA SHINE
Sectorally, Nifty Media emerged as the top performer, rising 2.39%, followed by Nifty IT, up 2.34%, and Nifty Realty, which gained 2.28%. Auto stocks also witnessed strong buying, with the Nifty Auto index advancing 1.60%.
Healthcare, FMCG and financial services indices also ended firmly in the green, signalling broad-based participation in the rally.
Among Sensex stocks, Eternal soared 5.63%, followed by InterGlobe Aviation (IndiGo), Infosys, Bajaj Finance, Asian Paints, Mahindra & Mahindra, Bajaj Finserv and HCLTech. HDFC Bank, Power Grid and Axis Bank were among the few laggards.
Broader markets remained upbeat as well. The Nifty Midcap 50 rose 1.28%, Nifty Smallcap 100 gained 1.31%, while the Nifty 500 advanced 1.05%.
FALLING VIX SIGNALS LOWER MARKET FEAR
Investor confidence also improved sharply, with India VIX declining 9.76%. The drop in the volatility index suggests traders expect relatively lower near-term market turbulence after geopolitical tensions eased.
Vinod Nair, Head of Research at Geojit Investments Limited, said the easing geopolitical situation has significantly improved market sentiment.
"A pause in strikes in West Asia has eased concerns over rising import costs and inflation, triggering a relief rally in markets. The sharp correction in crude oil prices, along with a decline in long-term bond yields, has also raised hopes of a durable resolution, supported by signs of long unwinding," he added.
INVESTORS AWAIT CENTRAL BANK MEETINGS
"Key central bank policy meetings this week, led by the Fed, BoE, and BoJ, may provide greater flexibility to maintain the status quo on interest rates. On the domestic front, a narrowing rainfall deficit is adding comfort to the inflation outlook, supported by better-than-expected Q1 earnings and a positive business outlook," said Vijaykumar.
With geopolitical concerns easing for now, investors will shift their focus to this week's monetary policy meetings of the US Federal Reserve, Bank of England and Bank of Japan for cues on the global interest rate outlook.
Domestic earnings announcements and trends in crude oil prices are also expected to remain key drivers of market sentiment in the coming sessions.
(Disclaimer: The views, opinions, recommendations, and suggestions expressed by experts/brokerages in this article are their own and do not reflect the views of the India Today Group. It is advisable to consult a qualified broker or financial advisor before making any actual investment or trading choices.)
Benchmark indices snapped a five-session losing streak on Monday, with the Sensex surging over 770 points and the Nifty ending just shy of the 24,000 mark, as a sharp plunge in crude oil prices after the US and Iran paused strikes boosted investor sentiment.
The BSE Sensex climbed 776.01 points, or 1.02%, to close at 76,835.78, while the NSE Nifty50 gained 228.50 points, or 0.96%, to settle at 23,995.95.
The rally was broad-based, with IT, media, realty, auto and healthcare stocks leading the gains. Broader markets also outperformed, while India VIX, the market's fear gauge, plunged nearly 10%, reflecting easing volatility.
OIL PRICE PLUNGE LIFTS SENTIMENT
The biggest trigger for Monday's rally was the sharp fall in crude oil prices after the United States and Iran paused military strikes over the weekend, easing fears of a prolonged conflict in West Asia.
Brent crude tumbled 9.44% to $87.64 per barrel, while WTI crude fell 7.93% to $82.23. Lower crude prices are positive for India, which imports the bulk of its oil requirements, as they help reduce inflationary pressures, improve the fiscal outlook and lower input costs for businesses.
IT, REALTY AND MEDIA SHINE
Sectorally, Nifty Media emerged as the top performer, rising 2.39%, followed by Nifty IT, up 2.34%, and Nifty Realty, which gained 2.28%. Auto stocks also witnessed strong buying, with the Nifty Auto index advancing 1.60%.
Healthcare, FMCG and financial services indices also ended firmly in the green, signalling broad-based participation in the rally.
Among Sensex stocks, Eternal soared 5.63%, followed by InterGlobe Aviation (IndiGo), Infosys, Bajaj Finance, Asian Paints, Mahindra & Mahindra, Bajaj Finserv and HCLTech. HDFC Bank, Power Grid and Axis Bank were among the few laggards.
Broader markets remained upbeat as well. The Nifty Midcap 50 rose 1.28%, Nifty Smallcap 100 gained 1.31%, while the Nifty 500 advanced 1.05%.
FALLING VIX SIGNALS LOWER MARKET FEAR
Investor confidence also improved sharply, with India VIX declining 9.76%. The drop in the volatility index suggests traders expect relatively lower near-term market turbulence after geopolitical tensions eased.
Vinod Nair, Head of Research at Geojit Investments Limited, said the easing geopolitical situation has significantly improved market sentiment.
"A pause in strikes in West Asia has eased concerns over rising import costs and inflation, triggering a relief rally in markets. The sharp correction in crude oil prices, along with a decline in long-term bond yields, has also raised hopes of a durable resolution, supported by signs of long unwinding," he added.
INVESTORS AWAIT CENTRAL BANK MEETINGS
"Key central bank policy meetings this week, led by the Fed, BoE, and BoJ, may provide greater flexibility to maintain the status quo on interest rates. On the domestic front, a narrowing rainfall deficit is adding comfort to the inflation outlook, supported by better-than-expected Q1 earnings and a positive business outlook," said Vijaykumar.
With geopolitical concerns easing for now, investors will shift their focus to this week's monetary policy meetings of the US Federal Reserve, Bank of England and Bank of Japan for cues on the global interest rate outlook.
Domestic earnings announcements and trends in crude oil prices are also expected to remain key drivers of market sentiment in the coming sessions.
(Disclaimer: The views, opinions, recommendations, and suggestions expressed by experts/brokerages in this article are their own and do not reflect the views of the India Today Group. It is advisable to consult a qualified broker or financial advisor before making any actual investment or trading choices.)
