Sensex surges! Adani, M&M & Oil stocks shine

Hi, you’re listening to ET Markets Radio. I am Neha Vashishth. Welcome to a brand new episode of ET Market Watch. Let’s hear the top highlights.

Sensex & Nifty
Markets kicked off the week on a high note. The Sensex jumped 295 points to close at 80,797, while the Nifty added 114 points to settle at 24,461 — boosted by gains in HDFC Bank, Reliance, and falling crude oil prices.

Sectoral & Stock Performance
Oil & Gas stocks led the rally as crude prices declined.
HPCL surged 6.7%, while BPCL and IOC gained over 3% each.

Banking stocks saw mixed action.
Kotak Mahindra Bank fell 4.5% after weak Q4 results, and SBI slipped 1.3%.

Adani Group stocks rebounded sharply.
After reports of talks with US officials, Adani Total Gas soared 11%, and Adani Enterprises jumped 7%.

Auto stocks also gained traction.
Mahindra & Mahindra rose 3.3% after strong quarterly numbers, lifting the Nifty Auto index by nearly 2%.

Global Markets
European indices hovered near recent highs. US futures dipped on caution ahead of key Fed and BoE meetings.
A notable mover: the Taiwan dollar surged 3% in its sharpest single-day gain since the 1980s.

FIIs bought equities worth ₹2,769 crore, while DIIs added ₹3,290 crore.

Currency & Crude
The rupee strengthened to 84.25 against the US dollar.
Oil prices slipped over 1% after OPEC+ announced plans to hike output.

That’s your Monday market wrap. Thanks for listening, and stay tuned to ET Markets for more updates.