On Monday morning, India's stock market experienced a significant upswing, with equities rising by 820 points, or 1.0%, to reach 80,019. This recovery followed losses from the previous two sessions and was largely fueled by gains in the oil and gas, pharmaceuticals, and public sector banks sectors. The BSE Sensex drew inspiration from a strong performance on Wall Street last Friday, particularly driven by an upswing in technology stocks.
Market participants remained focused on developments in the ongoing US-China trade negotiations and were eagerly anticipating the release of the March industrial production data. Additionally, investors were preparing for the release of fourth-quarter earnings reports from key companies, including Ultratech Cement, TVS Motor, Adani Green, and Adani Total Gas. However, despite these positive trends, the rise in stock values was somewhat constrained by increasing geopolitical tensions between India and Pakistan.
The Nifty 50 index also saw a 1.0% increase, surpassing the 24,250 mark. This was partly due to a nearly 4% rally in Reliance Industries, which reported fourth-quarter earnings that exceeded expectations for fiscal year 2025. Other notable gainers in early trading included Mahindra & Mahindra, up 2.0%, ICICI Bank, gaining 1.6%, State Bank of India, rising 1.5%, and Bajaj Finserv, which advanced by 1.3%.
