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Market Commentary

Indian benchmark indices traded within a narrow range but maintained a positive bias throughout the session as investors continued to assess developments surrounding the ongoing US -Iran negotiations . Overall market sentiment remained constructive, supported by stable global cues and continued participation across broader market segments . However, concerns regarding the slow progress of the monsoon remained on investors' radar, as prolonged delays could result in inflationary pressures and potentially impact consumer sentiment as well as demand in agriculture - linked sectors .

* At close, the Nifty 50 gained 0 .37 % to settle at 24 ,102 , while the Sensex advanced 0 .38 % to close at 77,094 .

* On the sectoral front, Healthcare, Pharma, and Media emerged as the top - performing sectors, witnessing sustained buying interest throughout the session . On the other hand, FMCG and Consumer Durables remained under pressure and were the key laggards, reflecting some profit booking in consumption - oriented stocks .

* The broader market continued to outperform the benchmark indices . The Nifty Midcap 100 index gained 0 .34 % to close at 62 ,729 , while the Nifty Small cap 100 index advanced 0 .60 % to settle at 18,897 ,

* Gift Nifty signals a positive opening for the Indian market . Nifty spot in today's weekly expiry session is likely to trade in the range of 23 ,950 - 24 ,300 .

Global Updates

* U.S . markets returned from the long weekend with a polarised session on Monday, halting recent short -squeeze momentum .

* Crude oil prices fell sharply following successful high - level weekend talks in Switzerland between the United States and Iran . U.S . Vice President JD Vance confirmed that negotiations have established a solid foundation for a final peace roadmap within 60 days, incorporating a formal "de - confliction cell" to manage proxy flashpoints in Lebanon .

* Asian markets opened mixed, with tech weakness weighing on sentiment . Japan’s Nikkei 225 fell 0 .21%, South Korea’s KOSPI dropped 0 .92 %, while Australia’s S&P/ASX 200 was nearly flat, down 0 .03 %.

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