Sensex up 107 pts, Nifty crosses 25k mark,PSU bank stocks rally

The domestic share market  traded higher on Monday, amid buying in banking and select heavyweight stocks.At close,the Sensex was trading at 81,106.65, up 107.25 points, or 0.13 per cent. The Nifty 50 gained 58.25 points, or 0.23 per cent, to trade at 25,044.65.
State Bank of India (SBI) , Larsen & Toubro (L&T)  Trent HDFC Bank  ICICI Bank were the top gainers on the Nifty, while losers included HCL Technologies , UltraTech Cement Tata Steel , Tech Mahindra and Infosys.On the sectoral front, PSU Bank emerged as the top performer, rising 3.73 per cent. Nifty Pharma gained 1.65 per cent, while Nifty Bank advanced 1.51 per cent. Nifty Healthcare and Nifty Financial Services also traded higher. However, Nifty IT declined 1.22 per cent, while Nifty Cement fell 1.42 per cent. Nifty FMCG and Nifty Metal were also trading in the red, according to agency reports.Broader markets remained largely positive, with Nifty Midcap and Nifty Smallcap indices showing mixed trends. Nifty Next 50 advanced 1.11 per cent, while Nifty 500 gained 0.33 per cent.
Rupee Close:
On 9 Nov'26,the Indian rupee traded down slightly by 2.25 paise to close at 93.92 against the U.S. dollar on Monday, supported by lower crude prices, improving foreign flows and hopes of de-escalation in the West Asia.Forex traders said the overall outlook for the rupee remains positive as any progress towards peace in the West Asia reduces the risk premium in crude oil and provides further support to the rupee.
Trading Guide:
Market experts recommended Uno Minda, and Gabriel India as the top stocks to buy on Monday.

(Business Correspondent)