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Stock Market Closing Bell: Indian markets kicked off the week on a strong note, extending their winning streak amid firm global cues and renewed optimism around US-China trade negotiations.

The rally was further supported by expectations of US Federal Reserve rate cuts and strong festive season momentum in domestic demand.

At the close, the BSE Sensex surged 566.96 points, or 0.67 per cent, to end at 84,778.84, after hitting an intraday high of 84,932.08.

The NSE Nifty 50 gained 170.90 points, or 0.66 per cent, to finish at 25,966.05, just shy of the 26,000 mark.

Broader market indices also advanced, with the Nifty Midcap 150 up 0.93 per cent and Nifty Smallcap 100 rising 0.82 per cent, reflecting strong participation across segments.

Gains were broad-based, with 17 out of 20 Nifty sectoral indices closing in the green. PSU banks led the rally, surging 2.22 per cent, followed by realty (up 1.46 per cent), oil and gas (up 1.52 per cent), and metal (up 1.16 per cent).

These sectors benefited from improving global risk appetite, better liquidity outlook, and signs of recovery in infrastructure-linked industries.

Banking and financial stocks maintained steady gains, with the Nifty Bank index up 0.72 per cent, supported by strength in SBI, Axis Bank, and HDFC Bank.

Meanwhile, IT (+0.40 per cent), energy (+0.43 per cent), and auto (+0.57 per cent) stocks also contributed to the day’s uptrend. On the flip side, pharma (-0.21 per cent) and media (-0.26 per cent) witnessed mild profit booking.

Among Sensex constituents, Bharti Airtel (+2.75 per cent), SBI (+2.40 per cent), Reliance Industries (+2.13 per cent), Tata Steel (+1.26 per cent), and Power Grid (+0.81 per cent) were the top gainers, driving the index higher. Other notable performers included HDFC Bank, ITC, and UltraTech Cement.

On the losing side, Kotak Bank (-1.63 per cent), BEL (-1.60 per cent), and Infosys (-1.39 per cent) saw declines, along with minor weakness in Bajaj Finance and Adani Ports.

Midcap and smallcap indices outperformed the benchmarks, indicating continued investor interest in broader markets. The Nifty Mid Select index rose 1.37 per cent, while the Nifty Midcap 150 gained nearly 1 per cent.

Anubhav Maurya is a Senior Sub-Editor at Zee Business, focusing on the stock market, personal finance, corporate news, and related sectors.

He has previously worked wi