Realty, pharma and metal shares advanced while media, IT and priate bank shares declined.
At 13:30 IST, the barometer index, the S&P BSE Sensex advanced 253.95 points or 0.33% to 77,167.93. The Nifty 50 index jumped 104.50 points or 0.44% to 24,102.05.
The broader market outperformed the frontline indices. The BSE 150 MidCap Index surged 0.84% and the BSE 250 SmallCap Index added 0.79%.
The market breadth was positive. On the BSE, 2,418 shares rose and 1,787 shares fell. A total of 249 shares were unchanged.
The NSE's India VIX, a gauge of the market's expectation of volatility over the near term, jumped 0.89% to 18.63.
In the commodities market, Brent crude for July 2026 settlement gained $2.23 or 2.86% to $108.17 a barrel.
2026 Assembly Polls: Vote Counts Underway in 5 States
Vote counting for assembly elections in Assam, Tamil Nadu, West Bengal, Kerala, and Puducherry continues. Current trends show the BJP edging ahead of the TMC in West Bengal with a saffron surge noted in multiple reports; the DMK is maintaining an advantage in Tamil Nadu alongside TVK's notable gains; the NDA is crossing the halfway mark in Assam; the UDF is leading in Kerala; and the NDA is ahead in Puducherry. These reflect round-wise progress from postal and EVM ballots; official Form-20 results remain pending on the ECI portal.
Economy:
Despite rising from 53.9 in March to 54.7 in April, the seasonally adjusted HSBC India Manufacturing PMI'a gauge of overall business conditions based on new orders, output, employment, supplier delivery times and inventory levels'signalled the second-slowest improvement in operating conditions in nearly four years.
April data pointed to modest recoveries in new orders and production, although growth remained the second-weakest since 2022. Exports stood out as a bright spot, with manufacturers reporting the fastest expansion since September last year.
Firms also noted that the ongoing conflict in West Asia continued to exert upward pressure on inflation, with input costs and output prices rising at the fastest pace in 44 months and six months, respectively.
Gainers & Losers:
Adani Ports & Special Economix Zone (APSEZ) (up 4.80%), Hindustan Unliever (up 3.42%), Adani Enterprises (up 3.39%) and Max Healthcare Insitute (up 2.60%) were the major Nifty50 gainers.
Adani Ports and Special Economic Zone rallied 4.80% after the company announced that it has handled 43.1 million metric tons (MMT) of total cargo in April 2026, which is higher by 15% on a year-on-year (YoY) basis.
Dr Reddy's Laboratories (down 3.02%), Kotak Mahindra Bank (down 3.01%), Bharti Airtel (down 2.47%) and Oil & Natural Gas Corporation (ONGC) (down 2.02%) were the major Nifty50 losers.
Kotak Mahindra Bank declined 3.01%. The bank reported 13.37% jump in standalone net profit to Rs 4,026.55 crore on 3.46% increase in total income to Rs 17,291.10 crore in Q4 FY26 over Q4 FY25.
Stocks in Spotlight:
Bharat Heavy Electricals Limited surged 7.78% after the company reported a sharp jump in quarterly earnings. On a consolidated basis, the company posted a net profit of Rs 1,290.47 crore in Q4 FY26, up 155.82% YoY and 230.50% QoQ. Revenue from operations rose 36.87% YoY to Rs 12,310.37 crore in Q4 FY26, while growing 45.29% QoQ, driven by strong performance in both power and industry segments.
Maruti Suzuki India rose 1.31% after the carmaker reported a 33.29% jump in total sales volume to 2,39,646 units in April 2026 compared with 1,79,791 units in April 2025. On the production front, the company's total output jumped 16.45% to 209,565 units in April 2026 compared with 1,79,956 units produced in April 2025.
Hero MotoCorp declined 1.42%. The company announced that it dispatched 5,66,086 units in April 2026, registering an 85.36% year-on-year (YoY) increase compared with 3,05,406 units in April 2025. Domestic sales stood at 5,32,433 units, up 84.54% YoY, while exports rose 99.34% YoY to 33,653 units during the month.
APL Apollo Tubes fell 3.28%. The company has reported 20.9% rise in consolidated net profit to Rs 354.35 crore on a 14.1% rise in net sales to Rs 6,075.98 crore in Q4 FY26 as compared with Q4 FY25.
Mahindra & Mahindra (M&M) shed 0.30% after the company's overall auto sales for the month of April 2026 stood at 94,627 vehicles, a growth of 14% YoY, including exports.
Avenue Supermarts (DMart) dropped 4.85%. The company reported a 19.18% increase in consolidated net profit to Rs 656.59 crore in Q4 FY26, compared to Rs 550.90 crore in Q4 FY25.
Ashok Leyland fell 1.60%. The company reported a 9% jump in total sales (domestic & exports) to 14,646 units in April 2026, compared with 13,421 units sold in April 2025.
TVS Motor Company slipped 1.43%. The company reported a 7% year-on-year increase in total sales for April 2026, with overall volumes rising to 473,970 units compared to 443,716 units in April 2025. Total two-wheeler sales grew 6% to 455,333 units during the month, up from 430,150 units in the same period last year.
Bajaj Auto rose 0.78% after the company reported a 40% increase in total auto sales to 5,13,792 units in April 2026, compared with 3,65,810 units sold in April 2025.
Global Markets:
European market declined as investors monitored central bank decisions. European Central Bank and Bank of England voted to keep interest rate hold on Thursday.
Asian market traded mixed on Monday as investors weighed tensions between Iran and the U.S. and a U.S. plan to reopen shipping in the Strait of Hormuz. Markets in Japan and China are closed for a public holiday.
The U.S. would attempt to 'free' stranded ships affected by the Strait of Hormuz closure since the start of the Iran war, U.S. President Trump reportedly said in his social media post on Sunday.
Dubbed Project Freedom,' the effort is set to begin on Monday, Middle East time and will focus mainly on getting civilian ships flagged in countries not affiliated with the conflict out of the contested waterway so they can 'freely and ably get on with their business.'
'U.S. military support to Project Freedom will include guided-missile destroyers, over 100 land and sea-based aircraft, multi-domain unmanned platforms, and 15,000 service members,' the U.S. Central Command said shortly after Trump's announcement.
Last week, the S&P 500 rose to a fresh all-time intraday high on Friday, while oil prices fell as a new month of trading got underway.
The broad market index advanced 0.29% to end at 7,230.12. The Nasdaq Composite added 0.89%, reaching an all-time high and closing at 25,114.44. Both indexes posted closing records. The Dow Jones Industrial Average slipped 152.87 points, or 0.31%, to settle at 49,499.27.
Oil prices fell on Friday after Iran reportedly sent its response through Pakistani mediators to the latest U.S. amendments to a draft agreement to end the Middle East conflict.
President Donald Trump revealed later Friday he is displeased with a new peace offer from Iran, saying that the country 'wants to make a deal, but I'm not satisfied with it.
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