Sensex Rises to 3-Week High to Start Week

2025-11-17 05:37 By Chusnul Chotimah 1 min. read

The BSE Sensex climbed 139 points, or 0.2%, to 84,701 in early trade on Monday, rising for the sixth consecutive session and reaching its highest level since October 27, supported by an improving earnings outlook.

Sentiment was also bolstered by the clear victory of the BJP-led NDA in the Bihar assembly elections, raising expectations of political stability and policy continuity.

Almost all sectors traded in the green, including banking and financial services.

Auto stocks rose 0.3%, fueled by strong October car sales following the GST reduction, despite pressure from Tata Motors, which plunged 4.2% after cutting its margin forecasts.

Meanwhile, mid-cap and small-cap indices gained 0.6% and 0.7%, respectively.

However, fading expectations of a US rate cut in December, following hawkish remarks from key Fed Reserve policymakers, weighed on sentiment.

Among the top performers were Kotak Mahindra (1.3%), Mahindra & Mahindra (1.3%), Axis Bank (1.2%), Bajaj Finance (1.0%), and NTPC (0.7%).



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