Indian shares concluded a volatile session with minimal changes on Monday. The balance of hopes for additional Federal Reserve interest rate cuts this year was countered by escalating tensions in the Middle East.
Investors were keenly anticipating the release of major U.S. tech earnings and upcoming central bank policy meetings in the United States, Japan, and the United Kingdom for further market direction.
Market participants closely monitored oil price dynamics following a rocket strike in the Israeli-occupied Golan Heights, which resulted in the deaths of 12 children and teenagers—the deadliest civilian attack since October 7, according to military sources.
During intra-day trades, the benchmark S&P BSE Sensex reached a record high of 81,908 before concluding the session with a 23-point gain at 81,355. Similarly, the broader NSE Nifty index peaked at a new high of 24,999 before closing slightly higher at 24,836.
Among the Nifty pack, Mahindra & Mahindra, Bajaj FinServ, Larsen & Toubro, BPCL, and Divis Laboratories saw increases of 2-3 percent. Conversely, Tata Consumer Products, ITC, Cipla, Titan Company, and Bharti Airtel experienced declines ranging from 1-2 percent.
