Markets extended their morning gains on Monday, with the benchmark Sensex surging over 1,000 points by midday trading as investors continued to shrug off recent geopolitical tensions between India and Pakistan.

The BSE Sensex was trading at 80,277.54 at 12:34 PM, up 1,065.01 points or 1.34 per cent from the previous close. The broader NSE Nifty rose 303.80 points or 1.26 per cent to 24,343.15 during the same period.

Reliance Industries emerged as the top gainer on the NSE, jumping 4.81 per cent to ₹1,362.90. Other major gainers included Bharat Electronics Limited (BEL) which climbed 3.06 per cent, Sun Pharmaceuticals advancing 2.76 per cent, JSW Steel rising 2.45 per cent, and Tata Steel gaining 2.38 per cent.

On the losing side, Shriram Finance led the decliners with a 4.51 per cent drop to ₹625.65. Other laggards included Eternal (-0.75 per cent), Bajaj Finance (-0.52 per cent), Nestle India (-0.48 per cent), and HCL Technologies (-0.47 per cent).

The market breadth remained positive with 2,065 stocks advancing compared to 1,731 declines on the BSE. A total of 223 stocks remained unchanged. Sixty-three stocks hit their 52-week highs while 39 touched their 52-week lows.

Sectoral indices also showed strength, with Nifty Bank climbing 1.53 per cent to 55,499.00 and Nifty Financial Services rising 1.09 per cent to 26,320.00. The mid-cap segment outperformed the broader market as the Nifty Midcap 100 index gained 1.55 per cent to reach 54,400.50.

Circuit filters were triggered for a significant number of stocks, with 214 hitting the upper circuit and 228 touching the lower circuit limits.

Foreign institutional investors (FIIs) have maintained their buying momentum, having injected over ₹30,000 crore across eight consecutive sessions. This sustained foreign inflow has provided crucial support to the markets amid varying global cues.

The strong performance comes on the back of easing US-China trade tensions and optimism surrounding quarterly corporate earnings. IT and pharmaceutical sectors continued their positive momentum, supported by robust results and anticipation of favorable policy measures.

Despite today’s rally, market participants remain watchful of key global events and upcoming economic data releases that could influence trading patterns in the near term.

Published on April 28, 2025