The benchmark indices continued their upward momentum on Monday, with the BSE Sensex rising 110.43 points or 0.14% to 77,679.82 and the Nifty 50 adding 22.90 points or 0.09% to 24,229.80 as of 14:30 IST. According to Business Standard, the rally was supported by gains across most sectors, with 25 of the 30 Sensex constituents ending in the green. The broader market also participated positively, with the BSE 150 MidCap Index gaining 0.02% and the BSE 250 SmallCap Index jumping 0.29%. Market breadth remained strong with 2,247 shares rising and 2,067 shares falling on the BSE, while 216 shares remained unchanged.
The Nifty Media index surged 1.97% to 1,513.55, marking its fourth consecutive trading session of gains with a 4.20% climb over three sessions. As reported by Business Standard, Prime Focus emerged as the top performer with a 5% surge, followed by Saregama India which gained 3.68%, Zee Entertainment Enterprises which rose 3.19%, Hathway Cable & Datacom which advanced 2.36%, and Network 18 Media & Investments which climbed 2.28%. Other notable gainers included PVR Inox (up 1.64%) and Nazara Technologies (up 1.58%), while D B Corp declined 0.85% and Sun TV Network fell 0.28%.
Foreign institutional investors staged a strong comeback on Friday, investing ₹2,603.72 crore in Indian equities—their biggest single-day inflow this week—while domestic institutional investors extended their buying streak as benchmark indices rallied sharply. According to reports from CNBC TV18, the inflow marked the highest single-day FII purchase of the week, reversing Thursday's net outflow of ₹532.86 crore. During the session, FIIs bought equities worth ₹15,318.07 crore and sold shares worth ₹12,714.35 crore, resulting in a net inflow of ₹2,603.72 crore.
Financial shares emerged as the biggest contributors to Friday's market gains, with the Nifty Bank index climbing 793 points to close at 58,046. The banking sector rally was led by Indian Bank, which surged around 10% after reporting healthy first-quarter earnings. While Bank of Maharashtra gave up most of its intraday gains and ended lower from the day's high, overall sentiment in the banking space remained positive. The strong performance in financials provided crucial support to the broader market rally, with buying seen across banking and financial services companies throughout the session.
Looking ahead, investors will closely monitor several key factors including further developments in the US-Iran conflict, movements in crude oil prices, the ongoing Q1 earnings season, corporate business updates, and the progress of the southwest monsoon for cues on the market's near-term direction. As per Business Standard, the yield on India's 10-year benchmark federal paper rose 0.28% to 6.735 compared with the previous session close of 6.716. The partially convertible rupee was hovering at 95.6850 compared with its close of 95.3800 during the previous trading session, while MCX Gold futures for August 2026 settlement fell 0.75% to ₹1,42,403.
