Indian stock markets witnessed a strong rally on Monday, with benchmark indices surging on the back of robust buying in auto and FMCG stocks. The BSE Sensex climbed 820 points, while the Nifty 50 crossed the 24,900 level, marking another milestone in the ongoing bull run.
🔍 Market Snapshot:
- Sensex closed at 83,362, up 820 points
- Nifty 50 ended at 24,925, gaining over 220 points
- Top gainers: Hero MotoCorp, Maruti Suzuki, Nestle India
- Broader markets also participated, with smallcap and midcap indices closing higher
🛵 Auto and FMCG Stocks in Focus:
- Hero MotoCorp rose over 4% amid strong sales outlook
- Maruti Suzuki gained 3.5%, continuing its upward trend after earnings optimism
- Nestle India climbed 3%, supported by demand growth in the packaged food segment
đź“Š Sectoral Performance:
- Nifty Auto index surged 2.7%
- FMCG stocks gained 1.8%
- Banking and IT sectors remained relatively flat
📢 Expert Take:
“The market is reacting positively to improving domestic sentiment, particularly in consumer-facing sectors. GST-related optimism and strong quarterly numbers have created a favorable short-term outlook,” said Ritesh Kumar, market strategist at HDFC Securities.
đź”® Looking Ahead:
Analysts expect Nifty to test 25,000 in the coming sessions, supported by stable macro indicators and earnings momentum. However, global cues and crude oil prices may remain key watchpoints.
