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The markets saw a strong rally on Monday, with the BSE Sensex making notable gains, fueled by a surge in the shares of IT and metal stocks.
The Sensex ended 1,300.72 points higher, or a 1.55 per cent rise, closing at 84,547.32. The Nifty also followed suit, gaining 1.45 per cent, or 369.15 points, to close at 25,760.85.
Infosys led the rally with a remarkable 7.91 per cent rise, closing at ₹1,626.70, amid positive sectoral momentum. HCL Technologies was close behind, gaining 6.35 per cent to ₹1,669.65, supported by strong earnings and expectations of further growth in IT services.
Tata Steel surged 6.16 per cent to ₹151.55, riding on optimistic global steel demand forecasts. Eternal climbed 5.68 per cent to ₹239.85, making it one of the standout performers in the session. Tech Mahindra rose 5.36 per cent to ₹1,573.00, continuing its strong upward trend as tech stocks gained momentum.
On the other hand, Sun Pharmaceutical saw the largest decline, falling 3.36 per cent to ₹1,686.25, as investors booked profits after the recent rally. IndusInd Bank followed closely with a 3.57 per cent drop to ₹788.65, amid market-wide corrections in the banking sector.
The day’s gains were largely driven by infotech and metal stocks, which were buoyed by strong global market sentiment.
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Published on May 12, 2025
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