India’s BSE Sensex rose 0.8% to close at 83,277.2 on Monday, snapping a three-session losing streak, supported by improving global risk sentiment and selective buying by investors. Energy shares led the advance amid expectations of sustained demand momentum, with Power Grid climbing 4.6% and NTPC gaining 1.6%. Financials also strengthened, driven by heavyweight HDFC Bank (+2.3%), Axis Bank (+1.9%), and Bajaj Finserv (+1.3%). Other notable gainers included ITC (1.5%), Asian Paints (1.4%), Bharti Airtel (1.2%), Adani Ports (1.1%), Tata Steel (1.1%), and Reliance Industries (1%).
IT stocks managed only a modest rebound of around 0.2%, following last week’s selloff triggered by concerns over AI tools and their potential impact on traditional software businesses. On the downside, Tech Mahindra slipped 1.4%, while Maruti and Bajaj Finance each declined 1.1%.
