On Monday, the Indian share market ended the day in green with the Nifty 50 opening at 23,945.45, reaching a high of 24,130.70, and closing at 24,092.70, up by 0.81%. Similarly, the BSE Sensex opened at 76,856.05, reached a high of 77,420.04, and ended at 77,303.63, up by 0.83%The Indian market traded in green after Iran offered a proposal to the U.S on reopening the Strait of Hormuz and ending the conflict through Pakistani mediators.Reasons for the positive sentimentThe following are the reasons for the positive sentiment in the stock market:Positive cues from Asian markets.India VIX declined by 6.09% at 18.53, indicating rising stability in the market. Buying interest among various sectors.Major Indices Today IndicesLTPPrev closeChangeNifty 5024,092.7023,897.950.81%BSE Sensex77,303.6376,681.290.81%Next 5070,798.6569,883.951.31%Bank Nifty56,264.3056,089.750.31%Fin Nifty26,164.6526,141.750.09% The major indices, Nifty 50 and Sensex, traded in green, led by Banking, IT, and Pharma stocks.Nifty Next 50 traded higher, led by Metal, Power, and Pharma stocks.Nifty Bank traded in the green amid positive market sentiment.Sectoral Indices Today IndicesLTPPrev closeChangeNifty IT29,159.1528,530.602.20%Nifty Auto26,053.1525,652.851.56%Nifty FMCG51,046.5050,766.250.55%Nifty Pharma23,171.8522,580.102.62%Nifty Healthcare14,921.7014,570.602.41%Nifty Oil & Gas11,508.3511,331.701.56% Nifty IT traded in the green, supported by gains in global tech stocks.Nifty Auto traded higher after CRISIL Ratings expects India's commercial vehicle industry to reach a record 12.4 lakh units in fiscal 2027.Nifty FMCG traded in green amid broader market sentiment.Nifty Pharma traded in green, led by gains in Sun Pharma stocks after the company announced the acquisition of Organon & Co., which is the biggest takeover by an Indian pharmaceutical company.Nifty Oil and Gas traded green after India boosted Russian oil imports and revived supplies from Africa, Iran, and Venezuela to fill a crude oil gap caused by tensions in West Asia.Market Movers Today Alembic Pharma shares rose by 14% after the company received final approval from the U.S FDA for its Abbreviated New Drug Application (ANDA) for Fingolimod Capsules, 0.5 mg, which is used for the treatment of relapsing forms of multiple sclerosis (MS).Pace Digitek shares rose by 2% after the company’s strategic Original Equipment Manufacturer (OEM) partnership with NEC XON Systems Proprietary.MobiKwik shares rose by 15% after receiving approval from the RBI for an NBFC licence.Shriram Finance shares dropped by 4% after management’s cautious outlook warning following the company’s Q4 results.Top Gainers Company NameLTPPrev CloseChangeHindustan Zinc628.00588.506.71%Sun Pharmaceutical1,733.501,620.406.98%Indusind Bank900.15847.956.16%Blue Star1,916.301,818.405.38%JSW Energy573.80544.955.29% Top Losers Company NameLTPPrev CloseChangeShriram Finance974.651,011.30-3.62%Axis Bank1,324.201,365.90-3.05%One 97 Communications1,132.051,147.35-1.33%RBL Bank312.80321.40-2.68%PB FinTech1,663.001,696.70-1.99% 52W High Stocks Company NameLTP52W highChangeAdani Power218.05222.162.42%NTPC410.20414.402.08%Adani Ports & SEZ1,628.501,649.902.74%JSW Steel1,282.701,297.002.15%Power Grid Corporation of India320.90324.951.42% 52W Low Stocks Company NameLTP52W lowChangeElitecon International37.6537.25-3.95%Gujarat Natural Resources97.1095.00-0.77%Mac Charles690.00660.000.00%AB Cotspin248.70248.70-19.99%Infollion Research Services217.25214.00-3.79% High Volume Stocks Today Company NameLTPPrev CloseChangeVodafone Idea9.699.521.79%Yes Bank19.9419.840.50%Suzlon Energy56.9353.915.60%IDFC First Bank70.2767.234.52%Steel Authority of India184.20178.463.22% Market AnnouncementsAxis Bank shares dropped by 4% after the bank reported the net profit at ₹7,071 crore for the quarter, which declined by 0.6% YoY.Mangalore Refinery and Petrochemicals shares dropped by 5% after the company reported the net profit at ₹117 crore for the quarter, which declined by 68.4% YoY.
