Nifty and Sensex Today Ease After Touching New 52-Week Highs

Sensex and Nifty Trim Gains After Hitting 52-Week Highs

Indian benchmark indices Sensex and Nifty 50 eased on Monday after briefly touching fresh 52-week highs, as investors booked profits following last week’s strong rally. Market sentiment turned cautious amid remarks from U.S. President Donald Trump about imposing tariffs on India for Russian oil imports.

At the closing bell, the BSE Sensex gained 411 points or 0.5% to settle at 84,363.4, while the NSE Nifty 50 rose 133 points to end at 25,843.1. Both indices hit record levels earlier in the session, extending gains from robust Q2 earnings by major companies such as Reliance Industries and HDFC Bank.

Heavyweights Drive Early Gains

Leading market players helped lift indices during the first half of the session. Reliance Industries, Bajaj Finserv, and SBI advanced between 2–4%, contributing to the early uptrend.
HDFC Bank shares reached a new 52-week high before closing marginally higher at ₹1,004, supported by improved margins and stronger-than-expected results. Reliance gained up to 3.6% after reporting a 14.3% rise in quarterly profit to ₹22,092 crore, driven by its oil-to-chemicals, retail, and digital businesses.

Banking Stocks Lead Sectoral Rally

The Bank Nifty index climbed to a record 58,242.5, led by strong earnings in the sector. AU Small Finance Bank rallied nearly 8%, while Federal Bank and IDFC First Bank added around 7% each. Among large banks, PNB, Axis Bank, and Canara Bank rose over 2%, while ICICI Bank slipped more than 2% due to slower loan growth.

The broader market also remained positive, with 2,382 stocks advancing against 1,695 declines. The Nifty PSU Bank index surged nearly 3%, followed by gains in the Oil & Gas and Infrastructure sectors.

Global and Macro Cues Support Sentiment

Early optimism in Indian markets was aided by firm global trends and a fall in Brent crude prices to around USD 61 per barrel, helping ease inflation concerns. The Indian rupee appreciated to 87.88 per U.S. dollar, marking its highest level in a month.

Top Gainers and Losers on Nifty 50

Top gainers included Cipla (+4.2%), Reliance (+3.6%), Bajaj Finserv (+2.8%), Shriram Finance (+2.5%), and Axis Bank (+2.1%).
Among the laggards were ICICI Bank (-3%), JSW Steel (-1.4%), M&M (-1.3%), Eternal (-1.2%), and Adani Ports (-1%).

Summary

While Sensex today and Nifty 50 posted fresh highs supported by upbeat Q2 results, the rally moderated due to profit-taking and global trade concerns. Despite minor corrections, market breadth and sectoral strength reflected steady investor confidence across key segments of the economy.