Indian shares finished modestly higher on Monday, supported by a session of strength in information technology, broader technology-related stocks and consumer durables.
At the close on the National Stock Exchange, the Nifty 50 rose 0.02%. On the Bombay Stock Exchange, the Sensex 30 advanced 0.06%.
Top movers
On the Nifty 50 list, Tata Consultancy Services Ltd. (TCS) was the session's strongest performer, climbing 5.46% - a gain of 113.00 points - to finish at 2,182.00. HCL Technologies Ltd (HCLT) added 5.15%, or 59.90 points, to close at 1,224.00, while Tech Mahindra Ltd (TEML) rose 3.20%, or 46.50 points, ending the day at 1,501.30.
On the downside, Grasim Industries Ltd (GRAS) led declines on the Nifty 50, slipping 2.57% or 82.60 points to 3,131.00 at the close. Tata Steel Ltd (TISC) dropped 2.10%, down 4.01 points to 187.18, and Nestle India Ltd (NEST) fell 1.87%, losing 27.20 points to end at 1,428.00.
BSE action
Mirroring the NSE moves, the BSE Sensex 30 roster showed Tata Consultancy Services Ltd. (TCS) up 5.46% to 2,182.00 and HCL Technologies Ltd (HCLT) advancing 5.36% to settle at 1,225.00. Infosys Ltd (INFY) registered a 3.23% gain, closing at 1,102.50.
Among laggards on the BSE, Nestle India Ltd (NEST) declined 2.19% to 1,424.70, Tata Steel Ltd (TISC) lost 2.04% to 187.25, and Eternal Ltd (ETEA) was down 1.61% to 285.00 at the close.
Market breadth and volatility
Advancing issues outnumbered decliners on the NSE by 1,380 to 1,181, with 43 stocks unchanged. On the BSE, 2,190 issues rose, 1,947 fell and 169 were unchanged. The India VIX, a gauge of implied volatility in Nifty 50 options, moved higher by 8.51% to 13.30.
Commodities and currencies
In commodities trading, Gold Futures for August delivery fell 0.99%, or $40.63, to $4,073.07 a troy ounce. Crude oil for August delivery rose 3.28%, up $2.34 to $73.75 a barrel, and the September Brent contract gained 3.20%, or $2.43, to trade at $78.44 a barrel.
On currency crosses, USD/INR climbed 0.49% to 95.79, while EUR/INR increased 0.44% to 109.28. The US Dollar Index Futures was slightly lower, down 0.02% at 100.74.
This session showed selective strength among large-cap technology and IT names, while commodity-sensitive and consumer staples heavyweights recorded declines. Market participants also saw a pickup in implied volatility and notable moves in oil and gold prices alongside currency shifts.