Sensex jumps 455 points, Nifty crosses 25,000 for second straight day after US tariff delay

Indian stock markets surged for a second consecutive day on Monday, driven by a mix of strong domestic and global cues. The BSE Sensex rose by 455.37 points, or 0.56%, to close at 82,176.45, while the Nifty 50 advanced 148 points, or 0.60%, to settle at 25,001.15. Earlier in the session, the Sensex had climbed as much as 771 points.

Analysts attributed the rally to several factors, including the US decision to delay its proposed tariffs on the European Union until July 9, offering global investors some relief. Additionally, optimism was bolstered by the Reserve Bank of India's record ₹2.69 lakh crore dividend payout to the government for FY25, which is expected to ease fiscal pressures and support spending.

The early arrival of the southwest monsoon over Kerala—earlier than any year since 2009—also gave markets a reason to cheer, as timely rains are critical for agriculture and inflation control. Sectors like FMCG, automobiles, and technology saw strong buying interest, with Mahindra & Mahindra, HCL Tech, Tata Motors, and Nestle among the top gainers.

However, not all stocks joined the rally. Companies like Eternal, UltraTech Cement, Tata Steel, and Kotak Mahindra Bank saw losses, with Eternal falling over 4%. Globally, most Asian and European markets traded higher, reflecting improved risk appetite following easing trade tensions.

Foreign Institutional Investors (FIIs) continued their buying spree, adding ₹1,794.59 crore worth of equities on Friday, reflecting sustained interest in Indian markets amid stable macroeconomic signals and progress on the geopolitical front.