Sensex surged 485 points to 84,065, lifting market sentiment as six BSE 100 stocks touched fresh 52-week highs. Strong earnings, bullish broker calls and sustained momentum supported gains in SBI, Tata Steel and other heavyweights.
The Indian rupee closed a tad weaker on Monday, unable to benefit from a broadly weaker dollar in the face of corporate demand for the greenback over a trading session that was also marked by technical glitches.
Religare Broking on Monday said it has appointed Vijay Kumar Goel as its managing director as the broking firm focuses on scaling its core broking business and expanding wealth product distribution offerings.
This can indicate financial stress or the need for liquidity, as it suggests the promoters are using their shares to secure funding.
Indian towel and bedsheet maker Trident reported a 44% profit fall in the third quarter due to a U.S. tariff-induced export slowdown. Revenue dropped 6%, with bedsheet sales declining by a third. The company is establishing a domestic subsidiary to boost overseas sales, particularly in the United States, following recent trade deal developments.
Benchmark indices closed higher for a second session as broad-based buying lifted financials. Stocks like SBI, Shipping Corporation and Kalyan Jewellers moved sharply on earnings and corporate developments news.
The Republic of Congo on Monday announced a tender offer for its outstanding 9.875% amortising notes due in 2032, according to a notice on the London Stock Exchange.
European shares edged higher on Monday, tracking a rebound in global equities following a selloff last week, as investors also assessed earnings from Italian lender UniCredit and developments on the deals front.
State Bank of India reported its highest-ever quarterly net profit, surging nearly 25% year-on-year to ₹21,028 crore in the December quarter. This significant growth was boosted by one-time gains from SBI Mutual Fund dividends and foreign exchange benefits, alongside a 9% rise in net interest income.
Domestic mutual funds continued gaining ground over FIIs in December 2025, narrowing the ownership gap to 5.50%. Record MF inflows, persistent SIP investments and declining foreign holdings signal a structural shift toward domestic institutional dominance.
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