Sensex up 140 pts; Nifty near 25,950; SMIDs in green; banking stocks lead rally

The Indian stock market were trading higher on Monday, recovering from last Friday’s drubbing, as investors focussed on NDA win in Bihar elections 2025, and stock-specific action.

The BSE Sensex index quoted 84,742, rising 180 points or 0.21 per cent over the previous close, while the Nifty50 was at 25,955, higher by 45 points or 0.17 per cent.

Kotak Bank, L&T, Titan Company, M&M, SBI, Tech M, and ITC were the top Sensex gainers in early deals, gaining up to 1 per cent.

On the downside, however, Tata Motors PV fell the most, down 6 per cent, followed by Eternal, Ultratech Cement, TCS, Power Grid, and Infosys.

In the broader markets, the Nifty MidCap index advanced 0.45 per cent, and the Nifty SmallCap index 0.48 per cent.

Among sectors, Bank Nifty index hit a fresh record high at 58,830, rising 0.5 per cent. That apart, the Nifty PSU Bank index added 1.2 per cent, the Nifty Private Bank, and FMCG indices 0.5 per cent each, and the Nifty Financial Services 0.4 per cent.

IPO today:

In the mainboard IPO category, Fujiyama Power Systems IPO will close for subscription and the basis of allotment of Tenneco Clean Air India IPO will be finalised.