Indian Stocks Rise on Monday

Indian stocks closed firmly higher on Monday, tracking an improvement in macroeconomic conditions as key energy prices extended their decline. The S&P/BSE Sensex added 0.4% to 77,095 and the NSE Nifty 50 added 0.4% to 24,103. Reports indicated that the start of talks between Iran and the US progressed over the weekend, backing expectations that a longer-term peace deal could be struck in the next two months for energy exports from the Middle East to flow without interruption. Lower oil prices improve the outlook for the Indian economy by softening inflation expectations and supporting the rupee due to India's reliability on energy imports, lifting foreign inflows on Indian equities. Tech stocks closed higher, with Tech Mahindra and Infosys advancing 2.2% and 1.3%, respectively. Financial companies also gained with Bajaj Finserv, HDFC Bank, and Bajaj Finance rising between 1% and 0.5%.

The SENSEX Index rose 291 points or 0.38 percent on Monday to close at 77094 points. Leading the gains are Tech Mahindra (2.16%), Sun Pharmaceuticals (1.37%) and Infosys (1.29%). Top losers were Indusind Bank (-3.02%), Asian Paints (-2.20%) and Titan Company (-1.20%).

India’s BSE Sensex rose about 0.5% to 77,177 in early trade on Monday, rebounding from losses in the last session as easing crude oil prices and improving global risk sentiment supported investor appetite. Market sentiment improved after reports that US-Iran talks advanced toward a final deal within 60 days, easing concerns following President Donald Trump's threat of fresh strikes on Iran. Further support came after India said three oil tankers carrying over 860,000 metric tons safely crossed the Strait of Hormuz, a route handling about 20% of global oil supplies. Among individual stocks, Bharat Forge secured a INR 4.25 billion contract from the Defence Ministry to supply gas turbine generators to the Indian Navy, while Kirloskar Oil Engines shares jumped 20% after securing a major order from HyperNext for data center infrastructure. Other notable gainers were Aegis Logistics (6.3%), SCI (4.1%), NIACL (3.2%), Garden Reach Shipbuilders (3.2%), HFCL (2.8%), and Reliance (2.3%).