Sensex Gains 291 Points at Close, Nifty Holds Above 24,100; RIL Rises 1%

Indian equity benchmarks extended their winning run on Monday, with the Sensex closing nearly 300 points higher.

And the Nifty ending above the 24,100 mark, supported by gains in Reliance Industries, a rebound in IT stocks, and easing concerns over global crude oil prices.

The BSE Sensex advanced 291.17 points, or 0.38%, to settle at 77,094.07, while the NSE Nifty50 climbed 89.80 points, or 0.37%, to close at 24,102.90. The benchmarks have now finished higher in six of the past seven sessions amid improving global sentiment and easing foreign investor outflows.

Reliance Industries was among the key drivers of the rally, rising 1.31% after investors welcomed announcements made during the company’s annual general meeting. IT stocks also recovered after Friday’s sell-off, with Tech Mahindra gaining 1.87% and Infosys adding 1.29%, helping lift the Nifty IT index by 0.74%.

Market sentiment received an additional boost from progress in US-Iran diplomatic talks, which raised hopes of reduced geopolitical tensions in the Middle East. The optimism weighed on oil prices, with Brent crude slipping below $80 a barrel. Lower crude prices are viewed positively for India as they help curb inflationary pressures and improve the country’s import bill.

Sector-wise, media, pharma, healthcare, oil & gas, and financial services stocks led the gains. Defensive sectors such as healthcare continued to attract investor interest, while banking shares also remained firm throughout the session.

The broader market outperformed the benchmarks, with the Nifty Smallcap 100 and Nifty Midcap 100 indices posting healthy gains. Meanwhile, India VIX declined to 12.84, reflecting lower market volatility and improving investor confidence.

Analysts said investors are increasingly focusing on stock-specific opportunities while keeping a close watch on developments in US-Iran negotiations, crude oil prices, foreign fund flows, and the progress of the southwest monsoon. While concerns remain over uneven rainfall and its potential impact on inflation, the overall market outlook continues to be supported by stable macroeconomic conditions and resilient corporate earnings.