Stock Market Updates: Sensex Surges Over 400 Points, Nifty Above 25,100; Bank, Auto Stocks Lead

Market Soars! Sensex Jumps Over 400 Points, Nifty Breaks 25,100

Monday's trading saw a significant surge in Indian stock markets, fueled by positive global trends and promising trade talks between the US and China. The BSE Sensex experienced a robust increase, closing at 82,611—a gain of 422 points (0.51%). The Nifty50 mirrored this upward momentum, reaching 25,139, a healthy 136-point (0.54%) jump.

Key Highlights:

• Sensex: +422 points (0.51%)
• Nifty50: +136 points (0.54%)
• Nifty Bank: Hit a new all-time high, surpassing 57,000!
• Mid and Small-Cap Indices: Also experienced significant gains.

Global Market Influences

Positive sentiment rippled across Asian markets, with Japan's Nikkei 225 up 0.95% and South Korea's Kospi climbing 1.73%. The anticipation of US-China trade discussions in London played a major role in this bullish trend.

Further contributing to the positive market sentiment:

• Japan's GDP: Contracted at a slower-than-expected rate.
• US Jobs Report: Stronger-than-expected non-farm payroll data eased recession fears.
• US Market Gains: Dow Jones, S&P 500, and Nasdaq Composite all closed significantly higher on Friday.

However, the positive news wasn't universal. Gold prices experienced a downturn following the strong US jobs report, with spot gold falling by over 1%.

Sectoral Performance

The Nifty Bank index was a standout performer, reaching a record high of 57,049.50. This robust performance indicates strong investor confidence in the banking sector. The auto sector also contributed significantly to the overall market surge.

Stay tuned to News18 for continuous updates and in-depth analysis of the Indian stock market.

About the Author: Aparna Deb is a Subeditor at News18.com, specializing in business news. Her keen eye for detail and insightful reporting provide readers with crucial market information.