India’s BSE Sensex climbed about 0.3% to 74,982 on Monday, snapping a three-session losing streak as investors returned following a sharp, foreign-led selloff largely driven by MSCI index rebalancing flows. The rebound was led by Asian Paints and InterGlobe Aviation, which together underpinned much of the benchmark’s early strength.
Asian Paints gained roughly 2.1% after March-quarter profits exceeded expectations, supported by robust growth in decorative paints volumes. InterGlobe Aviation advanced about 3%, with brokerages reiterating positive recommendations on the stock, pointing to improving guidance on passenger unit revenues and what they view as compelling valuations, even in the face of a quarterly loss.
Attention is now turning to the Reserve Bank of India’s policy decision due later this week, as well as a slate of key macroeconomic releases, including GDP and PMI data.
Among other notable gainers were NMDC (+14.3%), Wockhardt (+12.1%), Saregama (+10.9%), Aditya (+9.4%), Olectra (+7%), and Apollo (+4.3%). On the downside, the sharpest losses were seen in JSLL (-20%), JP Power (-7.5%), and NATCO (-6.3%).
