In the trading session today, Indian stock markets ended on a positive note, with both benchmark indices in green. The Sensex settled at 80,796.84, rising 294.85 points or 0.37%, while the Nifty 50 closed at 24,458.15, up by 111.45 points or 0.46%.
Banking stocks ended on a negative, pushing the Nifty Bank index to close at 54,919.50, a loss of 0.36%.
“The market has sustained its positive momentum, though the level of optimism has decreased. Continued foreign inflows and record GST collections in April indicate resilience in economic activity, fostering mild hopefulness. A weak dollar and a decline in oil prices have further bolstered FII sentiment. However, the market’s momentum is moderating, with action shifting from broad-based movements to stock and sector-specific trends based on results. Over the past month, the broad market has recouped more than 50% of the losses incurred during the consolidation period from September 2024 to March 2025. Q4 results to date have been sluggish, and there is a thin layer of caution due to border tensions, which could have a short-term impact on the market,” said Vinod Nair, Head of Research, Geojit Investments Limited.
Here are six key takeaways from today’s market action:
Top performers of the day
Among the Nifty 50 stocks, the top 5 gainers included Adani Enterprises, Adani Ports, Trent, Shriram Finance, Bajaj Finserv, and M&M.
Key laggards that dragged
On the flip side, not all stocks shared the rally. The key underperformers in today’s session were Kotak Bank, JSW Steel, ONGC, SBI, Titan and Axis Bank.
Mid and Small Caps shine bright
The broader markets closed on a strong note today, with the BSE MidCap index rising by 618.93 points (1.45%) to end at 43,326.80, while the BSE SmallCap index gained 584.24 points (1.23%), settling at 47,949.78.
Adani Group stocks surge on legal buzz
Adani Group stocks saw a strong rebound after reports emerged that the conglomerate’s representatives had engaged with officials from US President Donald Trump’s administration, seeking dismissal of criminal charges against Gautam Adani. Shares of Adani Enterprises jumped around 7%, while Adani Ports, Adani Green, Adani Energy Solutions, and Adani Power gained between 4-6%.
Oil prices slide amid supply concerns
Global crude prices faced downward pressure as OPEC+ agreed to boost oil output further. Brent crude dropped nearly 4%, hovering close to $58 per barrel, while WTI was around $56. This was seen as a response to overproducing members like Kazakhstan, raised fears of a global supply glut amid fragile demand conditions.
Indian rupee watch
The Indian rupee strengthened on Monday, closing 32 paise higher at 84.24 against the US dollar, compared to 84.56 on Friday.