Market Wrap: Sensex ends 319 pts higher, Nifty tops 25,570 as global sentiment brightens on U.S. reopening hopes

Indian stocks ended higher on Monday, with the Sensex and Nifty mirroring gains across Asian markets amid optimism that Washington is nearing a resolution to the prolonged U.S. government shutdown. Investor sentiment also got a lift from stock-specific rallies after upbeat quarterly earnings.

The S&P BSE Sensex climbed 0.38% to close at 83,535.35, up 319.07 points, while the NSE Nifty 50 gained 0.32%, or 82.05 points, to finish at 25,574.35.

On the 30-stock Sensex, Infosys, HCL Technologies, Bajaj Finance, Asian Paints and Tata Motors Passenger Vehicles led the gainers, advancing between 1% and 2.5%.

The heavyweight IT index climbed 1.6%, topping sectoral charts, as software exporters, who earn a large share of their revenue from the U.S., benefited from improving global sentiment.

Broader markets also firmed up, with the midcap and smallcap indices rising 0.5% and 0.4%, respectively.

Among individual movers, beauty retailer Nykaa jumped 5.8% after its quarterly profit more than tripled on strong demand.Bucking the trend, apparel retailer Trent slumped 7.4% after reporting its slowest quarterly revenue growth since 2021.

Eyewear retailer Lenskart Solutions made a choppy debut, listing 3% below its issue price before recovering to close 0.3% higher from its IPO price, as investors weighed its steep valuation.