Bulls Roar Back! IT Stocks Explode, Snapping Market's Losing Streak – See Today's Big Movers!

Indian equity benchmarks concluded Monday's trading session on a positive note, breaking a three-day losing streak. The S&P BSE Sensex advanced by 319 points, closing at 83,535, while the Nifty 50 gained 82 points to settle at 25,574. The rally was primarily supported by a strong performance in information technology stocks.

Leading the charge were IT giants Infosys and HCL Technologies, which emerged as the top contributors to the Nifty's gains. HCL Technologies specifically hit a new record high, soaring 12% following a healthy second-quarter financial performance and a significant order win. This highlights the robust growth and deal-making within the IT sector.

Other notable gainers included Bajaj Finance, which climbed 2% ahead of its upcoming results, and defence stocks Hindustan Aeronautics Ltd and Bharat Dynamics Ltd, both up 4–5% on strong volumes. Gold financiers also saw an uptick, with Muthoot Finance rising over 3% as gold prices increased. Indian Metals and Dreamfolks also reported significant gains.

However, the market wasn't uniformly positive. Trent emerged as the top Nifty loser, declining 7% on muted second-quarter numbers. Life Insurance Corporation of India fell 3% despite reporting growth, attributed to a low base. NCC dropped another 4% after withdrawing its FY26 guidance, and Amber Enterprises saw a 3% decline following a muted performance. Hospital stocks, including Max Healthcare, remained under pressure.

The market breadth was slightly in favour of declines, with an advance-decline ratio of 1:1, indicating mixed sentiment despite the overall index gains.

Impact This news directly impacts the Indian stock market by providing insights into sector-specific performance, investor sentiment, and the overall economic outlook reflected in corporate earnings and stock movements. It guides trading decisions and influences market trends. Rating: 7/10

Difficult Terms * Equity benchmarks: These are stock market indices, like the Sensex and Nifty, that are used to measure the performance of a group of stocks. * Sensex: A benchmark stock market index of 30 well-established and financially sound companies listed on the Bombay Stock Exchange (BSE). * Nifty: A benchmark stock market index of 50 well-established and large-cap Indian companies listed on the National Stock Exchange (NSE). * Nifty Bank index: An index that tracks the performance of the banking sector stocks listed on the National Stock Exchange of India. * Midcap index: An index that tracks the performance of medium-sized companies in terms of market capitalization, which are generally considered to have higher growth potential than large-cap stocks but also carry more risk. * Q2 performance: Refers to the company's financial results for the second quarter of its fiscal year. * Order win: When a company secures a contract or agreement to provide goods or services, often indicating future revenue. * Defence stocks: Stocks of companies involved in manufacturing or supplying equipment and services for the military. * Gold financiers: Companies whose primary business involves lending against gold or dealing in gold-related financial products. * Market breadth: A measure of the number of stocks that advanced versus the number that declined, indicating the overall health and participation of the market. * Advance-Decline ratio: A technical analysis indicator that measures market breadth by comparing the number of advancing stocks to the number of declining stocks. A ratio of 1:1 means an equal number of stocks rose and fell. * FY26 guidance: A forecast or projection provided by a company regarding its expected financial performance for the fiscal year 2026.