Indian Stocks Rally: Sensex Up 0.70%, Nifty Jumps 1.60%

Indian equity benchmarks closed higher on Monday, buoyed by reduced geopolitical tensions and consistent foreign fund inflows. The CNX Nifty notably surged towards the end of trading due to SEBI’s new Closing Auction Session.

Market Snapshot

• BSE Sensex gained 544.39 points (0.70%) to close at 78,639.03.
• CNX Nifty climbed 390.70 points (1.60%) to settle at 24,774.30.

The positive market sentiment stemmed from reports indicating the US halted military action against Iran, which immediately triggered a sharp fall in oil prices. This development also allowed for the reopening of the Strait of Hormuz for shipping, easing global trade concerns.

Foreign Institutional Investors (FIIs) further fueled optimism, recording equity purchases worth Rs 277.48 crore on Friday. The Nifty’s distinct late-session spike was directly attributed to the Securities and Exchange Board of India’s (SEBI) Closing Auction Session (CAS), which became effective on August 3, 2026.

Corporate Highlights

In corporate news, Patel Integrated Logistics delivered a robust performance for the June 2026 quarter.

• Sales increased by 45.50% to Rs 1134.66 million, up from Rs 779.82 million in the prior year.
• Profit after tax surged by 52.87% to Rs 25.07 million, compared to Rs 16.40 million previously.
• Operating Profit also saw significant growth, rising to Rs 32.22 million from Rs 23.84 million.

Separately, shareholders of Tamil Nadu Newsprint & Papers approved the appointments of Thiru R Kannan, I.A.S., and Thiru N Venkatesh, I.A.S., as Directors of the Company. These appointments were confirmed through a postal ballot.

The day concluded with Indian markets reflecting a strong positive momentum, driven by a confluence of global and domestic factors, alongside encouraging corporate results.