Domestic stock markets ended with strong gains on Monday aided by buying action in IT and auto stocks. It was their second successive positive closing. The headline Index S&P BSE Sensex settled at 82,176.45, gaining by 455.37 points or 0.56%. The broader Nifty moved in tandem, closing the session at 25,001.15, higher by 148 points or 0.6%.
Here's how analysts read the market pulse:
Nandish Shah, Senior Derivative & Technical Research Analyst, HDFC Securities said that investor sentiment received a boost from news of delay in additional tariffs on the European Union by US President Donald Trump. "The Indian rupee continued its appreciation for the second consecutive day, rising by 13 paise against the US dollar to settle at 85.08, its highest close since May 7, 2025. This strengthening was primarily driven by a weaker US dollar and the strong performance in the domestic equity market," he said, while adding that encouraging signs regarding the upcoming monsoon season also contributed to the positive market mood.
US markets
US markets were shut for trading on Monday on account of Memorial Day observed in the country.
European stocks
European shares kicked off the week on a positive note on Monday, recouping the previous session's losses, as markets heaved a sigh of relief after U.S. President Donald Trump delayed his threat to impose a 50% tariff on the region.
The pan-European STOXX 600 index closed 1% higher. It had lost 0.9% on Friday after Trump unexpectedly called for sharp tariffs on goods from the European Union, saying that negotiations with the region were not moving fast enough.
On Sunday, Trump extended the deadline for tariffs to July 9 from June 1, after European Commission President Ursula von der Leyen said the 27-nation bloc needed more time to produce a deal.
The automobiles and parts index, sensitive to tariff-related pressures, led broader gains with a 1.8% rise. However, they were limited by a 3.3% decline in Porsche .
Defence companies were among the biggest boosts to the STOXX 600 index, with Rheinmetall and Leonardo gaining over 3% each and the aerospace and defence index advancing 1.7%.
Tech View
Decoding the charts, Bajaj Broking said that the index has formed a bullish candle with a higher high and higher low signaling continuation of the up move for the second session in a row as strong buying demand from the 20 days EMA. In his view, the bias remains positive and dips if any in the coming sessions should be used as a buying opportunity as he expects the index to head higher towards 25,300 levels in the coming sessions.
“On the higher side, a move above Monday’s high (25,079) will be a positive signal and will open upside towards 25,200-25,300 levels. On the lower side 24,800 is likely to act as immediate support while short term support is seen at 24,400–24,500 being the confluence of 20 days EMA, previous breakout area and last 2 weeks lows,” this brokerage said.
Most active stocks in terms of turnover
BEML (Rs 263 crore), Embassy (Rs 261 crore), RPower (Rs 187 crore), Suzlon Energy (Rs 131 crore), IFCI (115 crore), GRSE (Rs 112 crore) and Mazagon Dock (Rs 101 crore) were among the most active stocks on BSE in value terms. Higher activity in a counter in value terms can help identify the counters with highest trading turnovers in the day.
Most active stocks in volume terms
Vodafone Idea (Traded shares: 6.96 crore), RPower (Traded shares: 3.59 crore), Suzlon Energy (Traded shares: 2.03 lakh), IFCI (Traded shares: 1.99 crore), Avance (Traded shares: 1.70 crore), SpiceJet (Traded shares: 96.87 lakh) and GTL Infra (Traded shares: 94.13 lakh) were among the most actively traded stocks in volume terms on BSE.
Stocks showing buying interest
Shares of BEML, Ge Vernova T&D, Emcure, Gillette, Linde India, Finolex Industries, GNFC and IFCI were among the stocks that witnessed strong buying interest from market participants.
52 Week high
Over 107 stocks hit their 52 week highs today while 42 stocks slipped to their 52-week lows. Among the ones which hit their 52 week highs included Aarti Pharmalabs, GRSE, APL Apollo Tubes, Bright Outdoor Media and Divis Laboratories.
Stocks seeing selling pressure
Among the large cap names was Sinpharma. Other stocks which witnessed significant selling pressure were Waaree Energies, Gravita India, Aegis Logistics, Caplin Point, KPR Mill and Aster DM.
Sentiment meter favours bulls
Action in heavyweights like Eternal (erstwhile Zomato), Kotak Mahindra Bank and Power Grid Corporation lifted the markets the most, ensuring a positive closing. Out of the 4,267 stocks that traded on the BSE on Monday, 2,265 stocks witnessed advances, 1,816 saw declines while 186 stocks remained unchanged.
(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of Economic Times)
Here's how analysts read the market pulse:
Nandish Shah, Senior Derivative & Technical Research Analyst, HDFC Securities said that investor sentiment received a boost from news of delay in additional tariffs on the European Union by US President Donald Trump. "The Indian rupee continued its appreciation for the second consecutive day, rising by 13 paise against the US dollar to settle at 85.08, its highest close since May 7, 2025. This strengthening was primarily driven by a weaker US dollar and the strong performance in the domestic equity market," he said, while adding that encouraging signs regarding the upcoming monsoon season also contributed to the positive market mood.
US markets
US markets were shut for trading on Monday on account of Memorial Day observed in the country.
European stocks
European shares kicked off the week on a positive note on Monday, recouping the previous session's losses, as markets heaved a sigh of relief after U.S. President Donald Trump delayed his threat to impose a 50% tariff on the region.
The pan-European STOXX 600 index closed 1% higher. It had lost 0.9% on Friday after Trump unexpectedly called for sharp tariffs on goods from the European Union, saying that negotiations with the region were not moving fast enough.
On Sunday, Trump extended the deadline for tariffs to July 9 from June 1, after European Commission President Ursula von der Leyen said the 27-nation bloc needed more time to produce a deal.
The automobiles and parts index, sensitive to tariff-related pressures, led broader gains with a 1.8% rise. However, they were limited by a 3.3% decline in Porsche .
Defence companies were among the biggest boosts to the STOXX 600 index, with Rheinmetall and Leonardo gaining over 3% each and the aerospace and defence index advancing 1.7%.
Tech View
Decoding the charts, Bajaj Broking said that the index has formed a bullish candle with a higher high and higher low signaling continuation of the up move for the second session in a row as strong buying demand from the 20 days EMA. In his view, the bias remains positive and dips if any in the coming sessions should be used as a buying opportunity as he expects the index to head higher towards 25,300 levels in the coming sessions.
“On the higher side, a move above Monday’s high (25,079) will be a positive signal and will open upside towards 25,200-25,300 levels. On the lower side 24,800 is likely to act as immediate support while short term support is seen at 24,400–24,500 being the confluence of 20 days EMA, previous breakout area and last 2 weeks lows,” this brokerage said.
Most active stocks in terms of turnover
BEML (Rs 263 crore), Embassy (Rs 261 crore), RPower (Rs 187 crore), Suzlon Energy (Rs 131 crore), IFCI (115 crore), GRSE (Rs 112 crore) and Mazagon Dock (Rs 101 crore) were among the most active stocks on BSE in value terms. Higher activity in a counter in value terms can help identify the counters with highest trading turnovers in the day.
Most active stocks in volume terms
Vodafone Idea (Traded shares: 6.96 crore), RPower (Traded shares: 3.59 crore), Suzlon Energy (Traded shares: 2.03 lakh), IFCI (Traded shares: 1.99 crore), Avance (Traded shares: 1.70 crore), SpiceJet (Traded shares: 96.87 lakh) and GTL Infra (Traded shares: 94.13 lakh) were among the most actively traded stocks in volume terms on BSE.
Stocks showing buying interest
Shares of BEML, Ge Vernova T&D, Emcure, Gillette, Linde India, Finolex Industries, GNFC and IFCI were among the stocks that witnessed strong buying interest from market participants.
52 Week high
Over 107 stocks hit their 52 week highs today while 42 stocks slipped to their 52-week lows. Among the ones which hit their 52 week highs included Aarti Pharmalabs, GRSE, APL Apollo Tubes, Bright Outdoor Media and Divis Laboratories.
Stocks seeing selling pressure
Among the large cap names was Sinpharma. Other stocks which witnessed significant selling pressure were Waaree Energies, Gravita India, Aegis Logistics, Caplin Point, KPR Mill and Aster DM.
Sentiment meter favours bulls
Action in heavyweights like Eternal (erstwhile Zomato), Kotak Mahindra Bank and Power Grid Corporation lifted the markets the most, ensuring a positive closing. Out of the 4,267 stocks that traded on the BSE on Monday, 2,265 stocks witnessed advances, 1,816 saw declines while 186 stocks remained unchanged.
(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of Economic Times)
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