Kamal Ghorui
Stock markets staged a strong rebound on Monday, with benchmark indices recovering sharply on value buying in blue-chip oil and gas, banking and auto stocks after witnessing heavy selling during the Budget-day session.The 30-share BSE Sensex jumped 943.52 points, or 1.17 per cent, to close at 81,666.46. During intraday trade, the index rose as much as 1,009.31 points, or 1.25 per cent, to hit a high of 81,732.25.The NSE Nifty 50 advanced 262.95 points, or 1.06 per cent, to settle at 25,088.40, after climbing 282.65 points, or 1.13 per cent, to an intraday high of 25,108.10.The recovery came after benchmark indices had tumbled on Budget day, when the Sensex had ended at 80,722.94, down 1,546.84 points, or 1.88 per cent, while the Nifty had dropped 495.20 points, or 1.96 per cent, to settle at 24,825.45, amid concerns over the proposed hike in securities transaction tax (STT) on derivatives and higher government borrowing projections.
Nifty50 top gainers
- Power Grid -(7.75%)
- Tata Motors PV – (5.49%)
- Adani Ports SEZ -(4.30%)
- Tata Consumer – (3.71%)
- BEL- (3.52%)
- RIL – (3.11%)
- Adani Enterp)rises – (2.86%
- M&M- (2.82%)
- Hindalco- (2.88%)
- L&T – (2.77%)
- InterGlobe Aviation – (2.17%)
Nifty50 top losers
- Shriram Finance (-3.56%)
- Axis Bank (-2.16%)
- Max Healthcare (-1.91%)
- Infosys (-1.52%)
- Cipla (-1.31%)
- Titan Company (-0.81%)
- TCS (-0.55%)
- Trent (-0.22%)
Sensex top gainers
- Power Grid (7.58%)
- Adani Ports SEZ (4.33%)
- BEL (3.24%)
- RIL (3.23%)
- M&M (2.96%)
- L&T (2.82%)
- InterGlobe (2.13%)
- UltraTech Cement (2.05%)
- Asian Paints (1.91%)
- ITC (1.70%)
- Tata Steel (1.69%)
- NTPC (1.63%)
Sensex top losers
- Axis Bank (-2.16%)
- Infosys (-1.52%)
- Titan Company (-0.81%)
- TCS (-0.55%)
- Trent (-0.22%)
Market participants said easing global crude oil prices provided additional support to equities.“The market witnessed a smart recovery following yesterday’s volatile session due to the impact of the STT hike on F&O and the government’s higher borrowing plan for FY27. At the same time, the Budget’s policy continuity with a clear emphasis on growth and fiscal prudence has helped reinforce confidence in the medium- to long-term earnings outlook,” said Vinod Nair, Head of Research, Geojit Investments Limited, PTI quoted.“A sharp decline in global crude oil prices has also offered some relief, reflecting signs of easing geopolitical tensions between the US and Iran,” he added.Foreign institutional investors (FIIs) were net sellers, offloading equities worth Rs 588.34 crore, according to exchange data.“Indian equity markets opened the week with a measured rebound after the sharp Budget Day sell-off, as participants continued to recalibrate positions following the nearly 2 per cent decline witnessed during the Union Budget 2026-27 session. While selective value buying in large-cap names offered some near-term stability, overall sentiment remained guarded amid elevated volatility,” said Ponmudi R, CEO of Enrich Money.
