The benchmark indices NSE Nifty 50 and BSE Sensex closed the Monday session on a positive note, with notable gains driven by the metal and pharmaceutical sectors. The Nifty 50, a key indicator of the Indian stock market, exhibited remarkable resilience by surging 181.15 points or 0.94%, closing at Rs 19,411.75. Similarly, the Sensex recorded a significant gain of 594.91 points or 0.92%, concluding the day at Rs 64,080.90. The Nifty Bank also fared well, with an increase of 301.15 points or 0.70%, ending the session at 43,619.40.

The bullish sentiment was primarily led by sectors such as Metal, Pharma, Healthcare, Realty, and Oil & Gas, which outperformed other sectoral indices. On the flip side, PSU Bank and Consumer Durables stocks witnessed some corrections in their performance.

Divi’s Labs shines the most as the company has today posted a profit for the quarter ended September 2023 at Rs 348 crore. The gain was followed by Eicher Motors up by 2% as company reported growth in sales, Hero MotoCorp as brokreage houses sees 13% on EBITA reaching all time high, Axis Bank was up amidst Positive Trading, and Larsen & Toubro emerged as the leading gainers on the NSE Nifty 50.

On the flip side, State Bank of India experienced profit booking following the release of the company’s Q2 results on Saturday. Hindustan Unilever’s stock price saw a decline as two brokerages reduced earnings per share (EPS) estimates for Hindustan Unilever Ltd (HUL) by up to 3% after the Q2FY24 financial results were announced. Additionally, Cipla, Tata Motors, and Titan Company faced challenges and were among the laggards for the day.