The SENSEX Index Closes 0.67% Higher

India’s BSE Sensex closed about 0.7% firmer at 78,285 on Monday, the highest since early May and extending gains for the fourth session. Market sentiment was driven by lower oil prices, hopes of Middle East stability, renewed foreign inflows and strong pre-quarterly business updates from major lenders. At the same time, heavy weekend rainfall fueled optimism over the monsoon outlook. Heavyweight HDFC Bank advanced 3.6% to the top of the index, buoyed by robust Q1 FY27 growth in deposits and advances and favorable commentary from multiple brokerages. Several other lenders also gained after sharing updates over the weekend. Bucking the trend, Kotak Mahindra Bank shares dropped 3.9%, after posting softer growth for the April-June period. Other top performers included Mahindra & Mahindra, Bharat Electronics, Reliance Industries, ICICI Bank and Bharti Airtel, adding around 1-2%. Tech stocks were subdued amid caution ahead of the start of first quarter earnings reports later this week.

The SENSEX Index rose 521 points or 0.67 percent on Monday to close at 78285 points. Leading the gains are Indusind Bank (3.76%), HDFC Bank (3.36%) and Mahindra & Mahindra (2.08%). Top losers were Kotak Mahindra Bank (-3.94%), Tata Consultancy (-1.65%) and Bajaj Finserv (-1.19%).

India’s BSE Sensex rose about 0.5% to 78,148 on Monday at the open, continuing its winning streak into a fourth session. The gains were led by financial stocks after strong quarterly business updates from major private lenders, with HDFC Bank and Axis Bank providing a lift to broader market sentiment. Lower crude oil prices also supported investor confidence, improving the outlook for inflation and India's import bill. Among corporate developments, IndusInd Bank reported 3.3% sequential growth in net advances and 3.8% in deposits for the June quarter, though advances fell 2.3% YoY while deposits rose 4.5%. Dabur India expects double-digit PAT growth in Q1, aided by pricing-led margin support, while Godrej Consumer guided for revenue growth driven by high-single-digit volume expansion. Notable gainers included Digitide (12.9%), Diamond Power (10%), Shakti (6.7%), Paras (5%), Kirloskar (4.7%), and GE Vernova (3.9%).