9 Indian fishermen arrested by Sri Lankan navy for alleged poaching, India's Industrial production jumps 8% in August, GST mop-up grows 15 pc to over Rs 2.03 lakh cr in September, India finish Asian Games with 85 medals,including 21 gold, in Japan,

Markets rally for 6th session; Nifty above 26,000, Sensex up 388 pts

The Indian markets finished on a strong note on Monday, extending the Sensex and Nifty’s winning run to a sixth session after the RBI announced fresh relief measures for exporters facing tariff-linked challenges.Financials led the upswing, further supported by growing confidence in second-quarter performance.At close, the Sensex was up 388.17 points or 0.46 percent at 84,950.95, and the Nifty was up 103.40 points or 0.40 percent at 26,013.45.
Bajaj Auto, Tata Consumer, Eicher Motors, Max Healthcare, Maruti Suzuki were the top gainers on the Nifty, while losers included TMPV, Adani Enterprises, Jio Financial, Interglobe Aviation, UltraTech Cement.On the sectoral front,all the other sectoral indices ended in the green with auto, bank, realty, capital goods, consumer durables, PSU Bank up 0.5-1%. Broader indices have outperformed the main indices with Nifty Midcap hitting fresh record high of 61,211.05, while Nifty smallcap index rose 0.52 percent.Nifty Bank index ended 0.76 percent higher at 58,962.70 after hitting fresh record high of 59,001.55, intraday, according to information.
Rupee Close:
On 17 Nov'25,the Indian rupee pared intraday losses to settle 3 paise higher at 88.63 against the US dollar on Monday, tracking firm domestic equity markets and lower global crude oil prices.However, a strong greenback against major currencies overseas and foreign fund outflows weighed on the domestic unit, according to forex traders.
Trading Guide:
Vinod Nair, Head of Research, Geojit Investments stated,the market has maintained its positive momentum, hovering near the key psychological level of 26,000, as investors anticipate a strong catalyst for further upward movement. A potential trade deal remains a crucial trigger that participants are closely monitoring. Currently, the risk-reward ratio is largely favorable, bolstered by stronger-than-expected Q2 earnings from Midcaps, which have reinforced confidence in growth revival and point to potential future earnings upgrades.
Market experts recommended five shares to buy on Monday-HBL Engineering, Star Health and Allied Insurnc Cmpny, Doms Industries, Radico Khaitan, and Vijaya Diagnostic Centre.

(Business Correspondent)

Newsinc24 is now on telegram. Click here to join our channel @newsinc24 and stay updated with the latest news from politics, entertainment and other fields.

Food & Lifestyle

Sustainability has emerged as a central theme across the global hospitality and tourism industry.

Read More

Crime

The NIA has arrested  a wanted accused Harwinder Kumar at Indira Gandhi International Airport, Delhi on Thursday when he arrived from UAE.

Read More

Opinion

The accord itself leaves the door open to converting its provisions into laws or regulations in the future.

Read More

Credibility Matters at Newsinc24.com because it is a website that gives you fast and accurate news coverage. It provides news related to politics, astrotalk, business, sports as well as crime. Also it has book promotion too. We known for our credibity. You can contact us for your querries on our email address. And, If you want to know more about us, then check the relevant pages for this purpose.