The Sensex soared 933.59 points or 1.24% to 76,462.19 at 13:25 IST, while the Nifty 50 index gained 286.35 points or 1.21% to 23,908.70. According to Business Standard, benchmark indices extended gains in afternoon trade on Monday, tracking a broad-based global rally after President Trump announced that an agreement had been reached to end the war between the US and Iran. The BSE 150 MidCap Index gained 1.74% and the BSE 250 SmallCap Index added 1.78%, significantly outperforming frontline indices. Market breadth remained firmly positive with 3,193 shares rising and 1,092 shares falling on the BSE, while 230 shares remained unchanged.
All indices except pharma traded in positive territory, with realty, cement, auto and metal shares leading the gains at 3-4%. As reported by Business Standard, the NSE's India VIX, a gauge of market volatility, tanked 3.63% to 14.18, indicating reduced fear among investors. Market breadth remained strongly positive with 2,673 stocks advancing, 560 declining and 97 remaining unchanged out of 3,330 stocks traded on the NSE. 112 stocks hit their 52-week highs, while 24 touched 52-week lows, with 166 stocks locked in the upper circuit and 41 hitting the lower circuit.
Among the Nifty 50 constituents, Trent (up 5.47%), Shriram Finance (up 5.14%), Eternal (up 4.39%), InterGlobe Aviation (up 4.08%) and Maruti Suzuki India (up 4.06%) were the major gainers, according to Business Standard. NTPC (down 1.61%), Oil & Natural Gas Corporation (ONGC) (down 1.02%), Bajaj Auto (down 0.89%), Cipla (down 0.45%) and Hindalco Industries (down 0.41%) were the major laggards. In the consumer durables sector, the Nifty Consumer Durables index rose 2.85% to 35,978.20, extending gains for the second consecutive trading session with a total jump of 5.29% over two sessions.
The Indian rupee edged higher against the dollar, hovering at 94.6375 compared with its previous close of 95.1800 during the previous trading session, according to Business Standard. In the commodities market, Brent crude for August 2026 settlement fell $3.98 or 4.56% to $83.35 a barrel. The rupee strengthened sharply against the US dollar amid improved risk appetite and expectations of foreign fund inflows, supported by easing geopolitical tensions and a decline in global crude benchmarks.
India's HSBC Manufacturing PMI rose to 55.0 in May 2026, a three-month high, up from 54.7 in April and revised higher from the flash estimate of 54.3, as reported by S&P Global. The expansion was driven by faster growth in new orders, output and purchasing activity, supported primarily by strong domestic demand, even as export growth softened. Manufacturers reported increased sales of intermediate and capital goods, aided by infrastructure spending and new business wins. India's wholesale price inflation (WPI) rose to 9.68% in May compared with 8.30% in the previous month, with food inflation standing at 4.49% and fuel and power inflation surging to 30.33%. The Producers Price Index (PPI) for manufactured goods was flat in May, marking the first release of PPI data by the government.
