Indian stock markets ended Monday's trading session on a positive note after recovering from sharp intraday losses, with a late rally in banking stocks helping benchmark indices close with modest gains.
\n\nAt close, Sensex settled 107.25 points, or 0.13%, higher at 81,106.65, while the Nifty advanced 58.25 points, or 0.23%, to close at 25,044.65. PSU bank stocks led the sectoral rally, while IT and metal shares remained under pressure.
\n\nThe Nifty index was led by gains in the SBI, Trent and NTPC stocks, while Tata Steel, HCLTech and UltraTech Cement were among the biggest losers.
\n\nVinod Nair, Head of Research, Geojit Investments Limited said, "Indian equities traded range-bound with a positive bias, as intermittent profit booking following the recent rally capped gains. Weakness in IT and metal stocks also weighed on the benchmarks. Improving FII participation and better-than-expected corporate earnings have strengthened expectations of an upgrade to the FY27 earnings outlook, supporting market sentiment. While several key macro tailwinds appear to be increasingly priced in, valuation comfort, particularly in large caps, easing geopolitical concerns, moderation in crude oil prices from recent peaks, and prospects of a double-digit earnings recovery provide a constructive medium-term backdrop."
\n\n"Investors are now awaiting India and…
Original source: https://www.timesnownews.com/business-economy
