Sensex Jumps 361 Pts, Nifty Ends Above 25K Amid Market Optimism

Market Overview

Domestic stocks rose modestly on Monday, with the Nifty closing above 25,000. Tech, media, and healthcare sectors led the gains. Investors are watching US inflation data and Fed policy decisions closely. Global concerns about the US economy and domestic optimism about the monsoon and festive season demand are influencing market sentiment.

Key Index Movements

• S&P BSE Sensex jumped 361.75 points or 0.44% to 81,921.29
• Nifty 50 gained 104.70 points or 0.42% to 25,041.10

Performance by Sector

Divis Laboratories (up 5.01%), TCS (up 1.21%), and Infosys (up 1%) boosted the indices. The broader market outperformed the frontline indices.

Market Statistics

• S&P BSE Mid-Cap Index rose 0.53%
• S&P BSE Small-Cap Index gained 1.53%
• Market breadth was strong: 2,586 shares rose and 1,353 shares fell.

Volatility Index and Economic Outlook

The NSE's India VIX, a gauge of market volatility, slipped 6.16% to 13.36.

Government Actions

The GST Council has cut the GST rate on cancer drugs from 12% to 5% to alleviate the financial burden on patients. The council also addressed other tax rates on snacks and research funds.

Global Market Influence

Most European shares declined while most Asian stocks ended higher. Investors await inflation data for further market direction.