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Market Commentary

Indian benchmark indices extended their gains and closed near the day's high, supported by short covering and sustained buying interest in heavyweight constituents . Positive momentum across the broader market, coupled with healthy investor participation, helped the benchmark indices continue their recent winning streak .

* At close, the Nifty 50 gained 0 .66 % to settle at 24 ,430 , while the Sensex advanced 0 .67 % to close at 78 ,285 .

* On the sectoral front, Nifty Realty, Consumer Durables, and Auto emerged as the top - performing sectors, witnessing strong buying interest throughout the session . On the other hand, Nifty Media and PSU Banks remained the key laggards, as selective profit booking weighed on these sectors .

* The broader market also remained firmly in positive territory, reflecting broad - based participation . The Nifty Midcap 100 index gained 0 .45 %, while the Nifty Small cap 100 index outperformed with a 0 .75% rise, indicating continued strength in the broader market .

* Gift Nifty signals a positive start to the Indian market . Nifty spot in today's session is likely to trade in the range of 24 ,250 - 24 ,650 .

Global Updates

* U.S . markets started the week on a strong note as tech and AI-related shares bounced back, drawing plenty of attention ahead of the upcoming second - quarter earnings season .

* New York regular cash benches started the week with strong upward momentum on Monday as mega - cap technology and semiconductor blocks sharply reversed their recent distribution phase . The benchmark S&P 500 advanced 0 .72%, closing less than 1% below its historical peak, while the tech - heavy Nasdaq Composite spearheaded the charge ahead of the second - quarter corporate earnings season .

* Asian regional centers are flashing highly divergent, polarized figures this morning as local desks balance the tech - fueled bounce out of Wall Street against high -stakes localized chip corrections : Nikkei 225 (Japan) : - 560 .48 points (- 0 .80 %) KOSPI (South Korea) : Percentage and points not provided in the text . S&P/ASX 200 (Australia) : - 31.6 points (- 0 .36 %)

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