India’s benchmark Nifty 50 index extended gains in Monday’s session, last trading up 0.7% as of 2.50 pm IST. The rally was supported by strength in banking, IT, and metal stocks, reflecting investor optimism after recent budget announcements and steady global market cues.
India’s equity markets witnessed positive momentum on Monday afternoon, with the Nifty 50 index climbing 0.7% as of 2.50 pm IST. The gains come amid strong buying interest in key sectors including banking, IT, and metals, helping the index recover from recent volatility. Investor sentiment has been buoyed by supportive global cues and clarity on fiscal measures announced in the Union Budget 2026.
Market participants noted that the Reserve Bank of India’s liquidity management and expectations of stable interest rates have further strengthened confidence. The broader market also showed resilience, with mid-cap and small-cap indices trading higher.
Key highlights from the announcement include
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Nifty 50 index up 0.7% as of 2.50 pm IST.
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Banking, IT, and metal stocks lead the rally.
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Positive sentiment driven by Union Budget 2026 measures.
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Global cues and stable interest rate outlook support gains.
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Mid-cap and small-cap indices also trading in positive territory.
Industry experts suggest that the upward momentum reflects investor confidence in India’s economic growth trajectory, with strong sectoral performance expected to continue in the near term.
Sources: NSE India, Economic Times, Reuters