Indian equity markets closed positively on Monday as the BSE SENSEX rose by 639.42 points and NSE NIFTY 50 gained 194.75 points. Despite global energy price volatility, most stocks traded positively, driven by gains in the IT and Metal sectors. Paytm faced a setback following the RBI's action.

Indian Markets Rally Despite Volatile Global Energy Prices

On Monday, Indian equity markets defied global volatility in energy prices and shifting geopolitical narratives to close on a positive trajectory. The BSE SENSEX recorded an increase of 639.42 points, ending at 77,303.63, while the NSE NIFTY 50 closed at 24,092.70, gaining 194.75 points by the closing bell. A majority of stocks traded in the green, marking a recovery period after previous sessions of significant corrections.

In the commodities sector, international benchmark Brent crude oil showcased a notable surge, trading at USD 107.87 per barrel, a 2.42% ascent. Similarly, Crude Oil rose to USD 96.37, marking a 2.09% spike. Meanwhile, gold prices dipped slightly by 0.07%, standing at USD 4,705.91. Sun Pharmaceutical Industries Limited gained significantly, closing at Rs 1,731.00, up by Rs 110.60, whereas Jio Financial Services rose to Rs 254.60. In contrast, Shriram Finance and Axis Bank saw declines.

The day began with Indian markets opening higher, driven by gains across Asian peer markets despite ongoing geopolitical tensions, including the abrupt cancellation of US-Iran talks by President Donald Trump. The Nifty 50 started 0.5% up, with sectoral indices like Nifty IT and Metal leading. However, Paytm faced challenges after the RBI revoked its banking license.

(With inputs from agencies.)