Blitz Bureau
Indian equities extended their winning run on Monday, with the BSE Sensex climbing past the 78,000 mark in afternoon trade — up around 511 points, or 0.66%, at 78,275 by midday — while the Nifty 50 advanced about 154 points, or 0.63%, to 24,425, building on a fourth straight weekly gain.
The character of the rally shifted through the session. After last week’s technology-led surge, Monday’s leadership rotated into realty, automobiles and oil & gas, while the IT and media indices eased. Defence counters were in demand after a large procurement clearance over the weekend, and Axis Bank, HDFC Bank and Bharat Electronics led the Nifty’s gainers.
A rally that rotates — from IT one week to realty, autos and banks the next — is the sign of a broad, healthy market rather than a narrow bet.
At a Glance
- Sensex (midday): ~78,275 (+511 pts, +0.66%)
- Nifty 50 (midday): ~24,425 (+154 pts, +0.63%)
- Leading: Realty, Auto, Oil & Gas, Defence
Lagging: IT, Media
Behind the move sits a supportive backdrop: cooling crude oil, softer US jobs data that has raised expectations of earlier Federal Reserve easing, and steady domestic institutional flows fed by household savings. Broader midcap and smallcap indices held modest gains, pointing to participation beyond the heavyweights.
The week ahead brings the first wave of June-quarter earnings and fresh signals on the India–US trade talks. Figures here are intraday and will settle at Monday’s close; the enduring story is a deepening pool of domestic investors that keeps steadying the market through global swings.
