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Indian equity markets continued their winning streak, securing gains for the fifth consecutive session on Monday. Positive global cues, robust Q3 results from IT giants, and optimism regarding easing inflation drove the surge. Both benchmark indices, Sensex and Nifty, achieved record highs.

Key Highlights:

  • Sensex: Surged 1.08%, settling at 73,327.94, a new all-time high.
  • Nifty 50: Climbed 0.93%, closing at 22,097.50, also marking a new peak.
  • IT Sector: Spearheaded the rally, with HCL Tech and Wipro leading due to strong Q3 earnings. Infosys, Tech Mahindra, and Happiest Minds also gained significantly.
  • Metals Sector: Supported the upward movement, led by Tata Steel, JSW Steel, and Hindalco.
  • Pharma Stocks: Witnessed mild profit booking, with Cipla and Dr. Reddy's Laboratories experiencing minor declines.
  • Auto Sector: Exhibited a mixed performance, with Maruti Suzuki rising marginally while Hero MotoCorp dipped slightly.

Upcoming Events:

  • Jio Financial Services Q3 Results: Reliance Industries' subsidiary Jio Financial Services is expected to release its Q3 results later today, potentially influencing market sentiment.
  • IPOs and Listings: Five IPOs are slated to open for subscription this week, including Karda Financial Services, Adani Total Gas, and Glenmark Life Sciences. Four companies, including Adani Wilmar and Nykaa Fashion, are scheduled for listing this week.
Disclaimer: This information provided is for informational purposes only and does not constitute investment advice. Always conduct your own independent research before making any investment decisions

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