Sensex Rises 300 Pts, Nifty Near 24,450; Adani, Trent Lead Gains

Benchmarks Trade Firm Amid Broad-Based Buying, Global Trade Optimism

Indian equity markets extended their winning streak on Monday, supported by easing global trade tensions and sustained foreign portfolio investor (FPI) inflows. At 12:12 pm, the BSE Sensex rose 241.03 points or 0.30% to 80,743.02, while the NSE Nifty gained 94.45 points, or 0.39%, to trade at 24,441.15. Gains were broad-based across sectors, excluding banks, with positive sentiment driven by speculation around an impending India-U.S. trade agreement and continued global risk-on momentum.

Highlights:

• Sensex at 80,743.02, up 241.03 points (0.30%).

• Nifty at 24,441.15, up 94.45 points (0.39%).

• Market supported by easing global trade tensions and FPI inflows.

Sectoral Indices in the Green, Except Banking; Auto, Power, Metal Lead Gains

Barring banking, all sectoral indices traded in the green, with notable performances from auto, power, metal, FMCG, and oil & gas, each up over 1%. The broader markets also participated in the rally, with the BSE midcap and smallcap indices climbing 0.5–1%, reflecting increased risk appetite among investors. However, weakness in banking stocks, particularly private lenders, partially capped benchmark gains as traders reacted to disappointing Q4 earnings from Kotak Mahindra Bank.

Highlights:

• Auto, power, FMCG, metal, and oil & gas up 1%+.

• BSE midcap and smallcap indices gain 0.5% to 1%.

• Banking index under pressure due to Q4 earnings disappointment.

Adani Group Stocks Rally Sharply; Adani Ports, Enterprises, and Power Among Top Gainers

Adani Group stocks surged sharply in Monday’s trade, with Adani Total Gas (ATGL) up 12.33%, Adani Green Energy gaining 8.64%, and Adani Power rising 8.33%. Meanwhile, Adani Enterprises and Adani Ports advanced over 8.14% and 7.68%, respectively, driven by optimism surrounding group-wide financial restructuring and renewed investor confidence. Among major index contributors, Adani Ports was the top gainer on Nifty, followed by Bajaj FinServ (+2.71%), Eternal (+2.05%), Power Grid (+1.83%), and Mahindra & Mahindra (+1.76%).

Highlights:

• Adani Total Gas up 12.33%, Adani Green +8.64%.

• Adani Enterprises +8.14%, Adani Ports +7.68%.

• Bajaj FinServ, Power Grid, and M&M also post strong gains.

Kotak Mahindra Bank Slides After Weak Q4; Other Bank Stocks Also Trade Lower

Kotak Mahindra Bank shares fell over 5% intraday, emerging as the top loser on Nifty, after the lender reported a 14% YoY fall in Q4 net profit due to a sharp rise in provisions, which outweighed robust loan growth and improved asset quality. The negative sentiment spilled over to other private banks, with State Bank of India down 1.29%, IndusInd Bank lower by 1.20%, Axis Bank down 1.06%, and ICICI Bank slipping 0.26%. The banking index remained under pressure as investors recalibrated earnings expectations in a high-provisioning environment.

Highlights:

• Kotak Mahindra Bank down 5.38% after Q4 miss.

• SBI (-1.29%), IndusInd Bank (-1.20%), Axis Bank (-1.06%), ICICI Bank (-0.26%).

• Banking sector underperforms broader market.

FPIs Extend Buying Streak to 12th Straight Session, Support Sentiment

Foreign portfolio investors (FPIs) remained consistent net buyers in Indian equities, extending their buying spree to 12 consecutive sessions as of Friday — their longest in two years. This sustained capital inflow has buoyed large-cap valuations and strengthened momentum across broader indices. Analysts attribute this trend to increased global confidence in India’s macroeconomic fundamentals and anticipation of improved trade relations with major partners, including the United States.

Highlights:

• FPIs bought Indian equities for the 12th straight session on Friday.

• Longest buying streak by FPIs in over two years.

• Momentum driven by India-U.S. trade optimism and solid macros.

Global Market Snapshot: Oil Prices Fall After OPEC+ Decision; Asian Equities Subdued

In global markets, oil prices dropped early Monday following an OPEC+ decision to raise production, which is expected to ease supply-side concerns and reduce energy cost pressure. Meanwhile, Asian currencies strengthened, although stock markets were muted due to holidays in key trading hubs. S&P 500 futures slipped 0.6% in early Tokyo trade, while Australia’s S&P/ASX 200 fell 0.4%. Euro Stoxx 50 futures were largely unchanged, reflecting a cautious global tone ahead of critical central bank meetings and U.S. jobs data due later in the week.

Highlights:

• Oil prices decline after OPEC+ agrees to boost production.

• Asian equities subdued amid holiday-thinned trading.

• S&P 500 futures down 0.6%, ASX 200 down 0.4%.