The BSE Sensex climbed 471 points, or 0.6%, to 84,423 in morning trade on Monday, gaining for the fourth straight session, mainly supported by tech and banking stocks. The banking sector rose 0.8%, buoyed by upbeat quarterly results from HDFC Bank, ICICI Bank, and IndusInd Bank. The broader index hit its highest level since September 26, 2024, tracking a rise in US stock futures amid easing Sino-US trade tensions. Other sectors also posted gains, including auto and financial services, during short trading ahead of market closures on Tuesday and Wednesday for the Diwali holiday. Among the top performers was Reliance Industries, which rose 2.9% despite missing its quarterly profit estimates. Multiple brokerages cited strong core earnings, retail performance, and an improving earnings outlook as positives. Other notable gainers included Bajaj Finserv (2.2%), Axis Bank (1.9%), IndusInd Bank (1.8%), and Infosys (1.3%).
