The BSE Sensex jumped 638.27 points or 0.82% to 78,732.91 by 14:30 IST, while the Nifty 50 index added 207 points or 0.85% to 24,590.60, crossing the 24,500 mark for the first time. According to Business Standard, the gains came as Brent crude for October 2026 settlement shed $3.78 or 4.30% to $84.15 per barrel, amid easing geopolitical tensions and declining risk premiums. The BSE 150 MidCap Index rose 0.92% and the BSE 250 SmallCap Index jumped 1.51%, while market breadth remained exceptionally strong with 2,901 shares rising against 1,416 declines on the BSE. The Nifty Metal index rose 0.96% to 12,841.40, jumping 3.89% in the four consecutive trading sessions.
Metal shares emerged as the top performers, with APL Apollo Tubes jumping 6.73% after reporting a 10.9% rise in consolidated net profit to ₹263.1 crore on an 8.5% increase in net revenue to ₹5,606.7 crore in Q1 FY27 compared with Q1 FY26. National Aluminium Company gained 4.17%, while Welspun Corp rose 3.73%, Hindustan Zinc added 1.9%, Hindustan Copper climbed 0.98%, and JSW Steel advanced 1.01%. As reported by Business Standard, Hindustan Zinc, Hindalco Industries, Adani Enterprises, Jindal Steel, and Steel Authority of India also posted significant gains, driving the Nifty Metal index to 12,841.40. The sector's strong performance reflects positive sentiment around metal demand and pricing dynamics.
Sri Lotus Developers and Realty added 1.10% following strong Q1 FY27 results, with the company reporting a 77% jump in net profit to ₹46 crore on an 116% increase in total revenue to ₹132 crore compared with Q1 FY26. According to Business Standard, Zee Entertainment Enterprises tumbled 10.17% after the Securities and Exchange Board of India (Sebi) passed its final order in the matter relating to the unauthorised pledge of the company's Hyderabad land. Escorts Kubota rose 1.38% after the company reported a 22.0% year-on-year increase in tractor sales for July 2026, with total volumes rising to 8,731 units compared with 7,154 units in July 2025. National Aluminium Company rose 2.83% after reporting a 90.86% surge in standalone net profit to ₹2,003.14 crore in Q1 FY27, compared with ₹1,049.48 crore in Q1 FY26, with revenue from operations jumping 39.01% YoY to ₹5,302.38 crore.
Effective August 3, 2026, the Closing Auction Session (CAS) has been introduced for stocks in the F&O segment, revising market closing timings while keeping the opening time unchanged. As reported by Business Standard, continuous trading in F&O stocks will now end at 3:15 pm, followed by the closing auction session, while non-F&O stocks will continue to trade until 3:30 pm. Trading in index and stock futures and options will conclude at 3:40 pm. The new mechanism is aimed at enhancing price discovery for the official closing price, reducing end-of-day volatility, and facilitating transparent execution of large institutional orders. Additionally, the yield on India's 10-year benchmark federal paper rose 0.15% to 6.843, while the rupee edged higher against the dollar, hovering at 95.3100 compared with its close of 95.4350 during the previous trading session.
European markets opened higher on Monday, with the Stoxx 600 up 0.3% in morning trade as European carmakers advanced almost 2.3%. Germany's DAX led gains, rising 1.3%, while the French CAC 40 added almost 1.1%, though the U.K.'s FTSE 100 dipped almost 0.1%. Across Asia-Pacific, South Korea's Kospi fell over 5%, giving up some of the gains from Friday after clocking its best day on record, while Japan's Nikkei 225 slid 0.94%. Australia's S&P/ASX 200 closed 0.47% higher, and mainland China's CSI 300 fell 0.98%. The mixed global performance reflects varying regional economic conditions and investor sentiment across different markets.
