Sensex rises 419 pt, Nifty gains 157 as markets end over 0.5% higher

Indian benchmark indices Sensex and Nifty50 traded higher on Monday, snapping a five-week losing streak, as investors. assessed U.S. tariff developments and the Fed's policy stance amid soft labour market data. Sensex jumped 419 points, or 0.52 per cent to close at 81 thousand 19. Nifty rose 157 points, or 0.64 per cent to settle at 24 thousand 723. The broader market indices at the Bombay Stock Exchange outperformed the frontline indices. The Mid-Cap index gained 1.1 per cent, and the Small-Cap index added over 0.7 per cent.

In the Sensex pack, 26 out of 30 companies edged higher. Among the top gainers, Tata Steel surged 4.3 per cent, Bharat Electronics climbed over three and half per cent, and Asian Paints advanced 1.8 per cent. Among the top laggards, Power Grid lost 1.1 per cent, HDFC Bank dropped almost one per cent, and ICICI Bank dipped 0.6 per cent.

In Sectoral indices at the BSE, 19 out of 21 sectors ended in positive territory while FMCG and bankex closed flat. In top gainers, Metal climbed around 2.6 per cent, Realty rose around 1.9 per cent, and Commodities added 1.8 per cent.Biggest Nifty gainers were Hero MotoCorp, Tata Steel, Bharat Electronics, Adani Ports, JSW Steel, while losers were Power Grid Corp, HDFC Bank, ONGC, ICICI Bank, Apollo Hospitals. All the other sectoral indices ended in the green with PSU Bank, pharma, realty, IT, metal, telecom, media, consumer durables, auto up 0.5-2.5 percent.

(Business Correspondent)