Indian Markets Shine Ahead Of Diwali; Sensex, Nifty End On A High Note
The Indian stock market ended in green on Monday, supported by upbeat quarterly results from major lenders and a rebound in global risk appetite amid signs of easing US-China trade tensions.
The BSE Sensex closed at 84,363.37, up 411.18 points or 0.49%, while the NSE Nifty50 ended at 25,843.15, gaining 133.30 points or 0.52%.
Investor sentiment remained positive, with gains in PSU banks, private banks, and the oil and gas sectors, while consumer durables and metals faced some pressure. The Bank Nifty stole the spotlight, hitting a new all-time high for the second consecutive session, closing at 58,033.20, reflecting strong momentum in the banking space.
Broader indices also traded higher, reflecting selective buying and optimism amid mild profit booking in some sectors. At the NSE, top gainers included Reliance Industries, Shriram Finance, Bajaj Finserv, Cipla, and Dr. Reddy’s Laboratories, while ICICI Bank, Eternal, Adani Ports, JSW Steel, and Mahindra & Mahindra were among the laggards.
Sudeep Shah, Head of Technical and Derivatives Research at SBI Securities, said, “As the festive spirit of Diwali fills the air, Indian equity markets have mirrored the mood with a strong start to the week. Investors welcomed the auspicious beginning with renewed enthusiasm, pushing benchmark indices higher and setting the tone for a potentially prosperous Samvat.”
Banking and market expert Ajay Bagga added, “Indian market futures are continuing their strong close momentum amid festive optimism.”
The ongoing festive season has also spurred strong consumer spending across automobiles, white goods, clothing, gold, and silver. Analysts noted that this truncated trading week will be event-heavy, with key triggers for investors including the one-hour Diwali Special Muhurat Trading session on October 21, marking the start of Samvat 2082, expected to see strong retail and institutional participation.
The Q2FY26 earnings season will continue, with major companies like Colgate, Hindustan Unilever, Dr. Reddy’s Laboratories, SBI Life Insurance, Coforge, and Kotak Mahindra Bank set to announce results. These will offer insights into margin trends, demand strength, and sector performance during the festive quarter.
Globally, factors such as proposed U.S. tariffs on China, movements in crude oil prices, and currency fluctuations are expected to shape investor sentiment. Ajit Mishra, SVP, Research at Religare Broking Ltd., said, “These global developments will remain crucial in influencing risk appetite and market trends.”
