The stock market edged higher on Monday, supported by gains in midcap stocks and select financial and consumer names, even as large-cap indices underperformed.

The benchmark BSE Sensex rose 40 points to end at 83,978, while the NSE Nifty 50 advanced 41 points to 25,763. The broader market outperformed, with the Nifty Midcap 100 index gaining 462 points to 60,287 after hitting a 52-week high of 60,400 - its highest level since October 2024. The Nifty Bank index rose 325 points to 58,111.

Investor sentiment was boosted by strong quarterly earnings from several midcap and financial sector companies.

“We are at a situation as a cusp of massive earnings recovery, and I believe in the next one year, you will see all the domestic cyclical sectors which are predominantly into banking, financial

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