Indian stock markets opened the week on a high note on Monday as benchmark indices surged sharply, powered by strong performances from banking, financial, and energy stocks. Investors cheered robust Q2 results from Reliance Industries Limited (RIL) and HDFC Bank, helping the festive sentiment carry into the trading floor after Diwali.
At around 9:23 am, the S&P BSE Sensex jumped 673.90 points to 84,626.09, while the NSE Nifty50 advanced 202.50 points to 25,912.35. Most of the broader market indices also gained, and volatility fell during the session.
Reliance Industries led the rally with its stock climbing nearly 3% after it posted a strong set of quarterly results. The company reported higher consolidated net profit for the September quarter, supported by solid growth in its retail and