India’s BSE Sensex opened largely flat at 77,111 on Monday, following gains in the previous session, as easing geopolitical tensions after renewed US–Iran diplomatic talks helped support investor sentiment. Participants also welcomed the prospect of more stable crude oil prices and are now awaiting key US economic releases later this week, including the June unemployment report, for further guidance on the Federal Reserve’s interest rate outlook.
In corporate developments, Kotak Mahindra Bank remained in focus after CEO Ashok Vaswani announced he would not seek reappointment beyond December 2026. Torrent Power attracted attention after finalizing its acquisition of Nabha Power, while HCLTech completed the purchase of a 10.46% stake in AI startup Sarvam AI.
Early gainers included Ramco (up 6%), Dr. Reddy’s (up 4.4%), Shriram (up 2.1%), and Aegis (up 2.5%). On the downside, early losers were Persistent (down 8%), Netweb (down 6.9%), HFCL (down 4.7%), Waaree (down 3.3%), and Kotak Mahindra Bank (down 1.9%).
