The Indian stock market opened the week with strong momentum, fueled by renewed investor confidence and strategic buying across key sectors. On Monday, February 9, both Sensex and Nifty 50 witnessed notable gains, making investors collectively richer by ₹6 lakh crore in just one session.
Market participants seemed encouraged by the clarity on the India-US trade framework and broad-based optimism in the economy, which translated into one of the most vibrant trading sessions this year.
Market Performance Snapshot
- Sensex: Closed at 84,065.75, up 485 points (0.58%)
- Nifty 50: Rose to 25,867.30, gaining 174 points (0.68%)
- Mid-cap and Small-cap: Outperformed significantly
- BSE 150 MidCap Index: +1.66%
- BSE 250 SmallCap Index: +2.45%
- Overall market capitalization: Increased from ₹467 lakh crore to ₹473 lakh crore
This surge reflects strong risk appetite among investors and a broad recovery across sectors.
Key Drivers Behind the Market Rally
The bullish session can be attributed to a mix of geopolitical clarity, macroeconomic stability, and investor enthusiasm. The highlights include:
- India-US Trade Framework: Following last week’s announcement, both countries outlined a framework for the Interim Trade Agreement (ITA), marking a step towards a broader Bilateral Trade Agreement (BTA).
- Foreign Portfolio Investments (FPI): Strategic buying by global investors reinforced the market’s upward trajectory.
- Favorable Macros: Inflation dynamics and growth projections supported by the Reserve Bank of India (RBI) provided a stable backdrop.
- Broader Market Support: Easing geopolitical tensions and a weaker dollar contributed positively to investor sentiment.
Nifty 50: Top Movers
The session saw notable activity in the Nifty 50, with several key stocks leading the charge:
- Top Gainers:
- SBI: +7.63%
- Shriram Finance: +6.03%
- Grasim Industries: +3.11%
- Top Losers:
- Max Healthcare Institute: -2.82%
- NTPC: -1.05%
- ITC: -0.95%
A total of 34 Nifty stocks closed in positive territory, reflecting broad-based participation.
Sectoral Performance Highlights
All sectoral indices ended higher, showcasing uniform buying momentum:
- Nifty Media: +4.37%
- Consumer Durables: +3.60%
- PSU Bank Index: +3.34%
- Nifty Bank: Ended at 60,669, up 0.91%
- Financial Services Index: Gained 1.25%
These gains underline the market’s preference for cyclical and growth-oriented sectors.
Most Active Counters by Volume
- Vodafone Idea: 63.2 crore shares
- Tata Silver ETF: 25.2 crore shares
- IFCI: 21.1 crore shares
High volumes suggest strong participation from both retail and institutional investors.
Market Breadth
- Advance-Decline Ratio: Positive
- Advancers: 3,100+ stocks
- Decliners: 1,200+ stocks
Market breadth indicates a robust, broad-based rally across BSE-listed firms.
Significant Stock Movements
- Stocks up over 15% on BSE: 27 stocks, including Kalyan Jewellers, Transformers & Rectifiers (India), Shipping Corporation of India, Jay Bharat Maruti, Somi Conveyor Beltings, Ganesha Ecosphere, Blue Cloud Softech Solutions, Tainwala Chemicals & Plastics.
- 52-Week Highs: Nearly 150 stocks, with names like SBI, Tata Steel, Adani Ports, Indus Towers, JSW Steel, and Shriram Finance hitting new peaks.
- 52-Week Lows: About 100 stocks, including Vindhya Telelinks, Solara Active Pharma Sciences, Reliance Infrastructure, Poly Medicure, and Orient Cement.
Conclusion
Monday’s trading session has been a testament to the Indian market’s resilience and the strong recovery sentiment among investors. The surge in Sensex and Nifty, combined with gains across mid-cap and small-cap indices, reflects a market that is embracing opportunities amid a favorable macroeconomic and trade environment.
With the market capitalization jumping by ₹6 lakh crore, investors witnessed one of the most significant single-day wealth creations in recent times. As the week progresses, all eyes remain on corporate earnings and sectoral performance for continued market momentum.
Source: Livemint
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