India’s BSE Sensex closed about 1.1% higher at 74,107 on Monday, rebounding from a weak start and extending its winning streak to a third straight session. Sentiment improved as investors assessed reports that the US, Iran, and other mediators were discussing terms for a possible 45-day ceasefire.
On the macro front, a final PMI survey showed that growth in India’s services sector eased to a 14‑month low in March. Still, all major sectors on the index finished in positive territory, with financials leading the gains on the back of strong business updates from private lenders.
Over the weekend, major banks including Axis Bank (up 3.9%), Bajaj Finance (up 2.9%), and HDFC Bank (up 2.7%) reported robust loan growth for the March quarter. In the broader market, retailer Trent jumped 7.9% after posting solid double‑digit revenue growth alongside continued store expansion.
In contrast, Reliance Industries fell 3.4%, ranking among the session’s key laggards, after analysts warned of a hit to refining margins following the government’s decision last week to impose an export tax on diesel.
