Sensex rises 107 points as PSU banks and defence stocks rally
In short
Sensex ended 107 points higher at 81,106 on Monday, while Nifty rose 58 points to 25,045. The Nifty Bank gained 891 points and the PSU Bank index climbed 3%.
Banks led the market rally, but IT and metal stocks were weak. The strong banking move helped lift the main indices.
What the reporting says
Sensex and Nifty ended higher on Monday, with the Sensex gaining 107 points to 81,106 and the Nifty rising 58 points to 25,045, its highest level in nine months. Banking stocks led the move, with the Nifty Bank up 891 points and the PSU Bank index gaining 3%, while IT and metal stocks stayed under pressure. Broader market breadth favoured declines.
Why it matters
The Indian stock market closed higher with bank shares leading, especially PSU banks, which lifted the Nifty Bank and supported the Sensex and Nifty. The Nifty at 25,045 was its highest level in nine months, according to the source summary. The move matters for traders and investors in banking and defence-linked stocks, though the brief does not quantify defence gains.