Indian Markets Rally on Reliance, Global Cues

Indian stock markets surged on Monday, with the Sensex rising over 1,000 points to close above 80,200 and the Nifty 50 finishing above 24,300, marking a strong rebound after a two-day decline. The rally was primarily driven by robust quarterly results from Reliance Industries and gains in major banks such as HDFC Bank, ICICI Bank, Axis Bank, and SBI. Investor wealth grew by over ₹4 lakh crore, with most sectoral indices advancing, especially oil & gas, PSU banks, and pharma, while IT lagged. Positive sentiment was further supported by easing trade tensions between the US and China and continued foreign capital inflows. Several stocks touched new 52-week highs, and some, like Jayaswal Neco and Shiva Mills, soared more than 15%. However, a few stocks, including Shriram Finance and UltraTech Cement, ended the day lower.