Sensex jumped 776 points, or 1.02 per cent, to close at 76,835.78, while the Nifty50 climbed 229 points, or 0.96 per cent, to end at 23,995.95, snapping a five-day slide that had made the past week the market’s worst stretch since January. The trigger came from thousands of miles away: the US and Iran paused strikes against each other over the weekend, and oil prices slumped in response.
Nifty MidCap rose 1.11 per cent and the Nifty SmallCap gained 1.31 per cent, both outpacing the main indices.
Impact On The Stock Market
Sector-wise, Monday was almost a mirror image of last week. The Nifty IT, Nifty Media and Nifty Realty indices outperformed, while the Nifty Realty, Nifty Pharma and Nifty Metal indices all snapped three-day losing streaks, a sign that buyers finally found the confidence to step back into beaten-down names.
The only major laggard was the Nifty Oil & Gas index, which underperformed the market.
| Sector/Index | Performance |
| IT & BPM sector | 2.34% |
| Healthcare sector | 1.46% |
| Oil & Gas sector | 0.02% |
| Real estate sector | 2.28% |
| PSU Bank in India | 0.22% |
Top gainers today
| Company | Share Price (in ₹) | Change % |
| Eternal | 295.85 | 5.66 |
| Interglobe Aviation | 5,230.00 | 4.91 |
| Infosys | 1,079.20 | 3.68 |
| Bajaj Finance | 1,048.30 | 3.51 |
| Shriram Finance | 1,038.20 | 3.29 |
Top losers today
| Company | Share Price (in ₹) | Change % |
| ONGC | 238.56 | -4.10 |
| HDFC Bank | 739.55 | -0.44 |
| HDFC Life | 552.85 | -0.40 |
| Cipla | 1,409.40 | -0.09 |
| Dr Reddys Labs | 1,150.80 | -0.08 |
Market aftermath: Impact on stocks
Bharat Electronics: Steady profit growth and a ₹72,258 crore order book
Bharat Electronics, the government-owned defence electronics maker, reported its June quarter results after market hours on Monday, posting an 8 per cent rise in net profit to ₹1,048 crore from ₹969 crore a year earlier. The topline did the heavy lifting, with revenue jumping 25 per cent to ₹5,533 crore from ₹4,417 crore in the same quarter last year.
A massive ₹72,258 crore of confirmed work as of July 1, which offers years of revenue visibility. Ahead of the announcement, the shares closed 0.4 per cent higher at ₹406.7. With defence spending in focus amid everything happening in West Asia, a state-backed player with a pipeline this deep is exactly the kind of stock the market keeps on its watchlist.
Ratnaveer Precision Engineering: A 14 per cent rocket on results and a semiconductor-adjacent bet
The day’s biggest mover came from the smallcap space, where Ratnaveer Precision Engineering shares surged 14.22 per cent to close at ₹204 on the NSE. The trigger was a strong first quarter: net profit rose 22 per cent to ₹18.24 crore from ₹14.95 crore, while revenue grew 19 per cent to ₹315 crore. The company also announced a push into electronics-grade materials through a proposed ₹472.34 crore Copper Clad Laminate project, which has received in-principle approval under the Gujarat Electronics Policy.
It plans to invest ₹338 crore over three years under the government’s Electronics Components Manufacturing Scheme, aligning itself with the Make in India initiative and the India Semiconductor Mission. In a market keen on homegrown electronics manufacturing stories, that combination of earnings growth and a new growth engine drew strong buying interest.
P N Gadgil Jewellers: Profit jumps 52 per cent as gold shoppers keep spending
Jewellery retailer P N Gadgil delivered the kind of quarter that makes you wonder whether Indian consumers ever really slow down on gold. The shares climbed 8.19 per cent to ₹700 on the NSE after net profit soared 52 per cent year-on-year to ₹105 crore from ₹69 crore, with revenue up 40 per cent to ₹2,413 crore. The standout metric was same-store sales growth of 46.1 per cent, meaning existing outlets, not new ones, drove the surge, backed by healthy footfalls and higher transaction volumes.
The retail segment now contributes 78 per cent of total revenue, up from 70 per cent a year ago, and the company currently operates 78 stores, including one in the US. With most of its planned expansion into northern and central India scheduled for the second half of the year, there’s a clear runway ahead if the momentum holds.
Crude oil: Brent crashes below $88 as guns fall silent
What a difference a weekend makes. After 13 straight days of strikes, the US held off on further attacks for two days while Iran paused its retaliation, and oil prices promptly gave up their panic premium. Brent crude futures tumbled 4.47 per cent to $87.58 a barrel on Monday morning, a world away from the $100-plus levels of Friday, while US crude slid 5.02 per cent to $84.83 and oil futures on India’s commodity exchange dropped 4.83 per cent to ₹8,188.
The ripple effects reached India quickly, with the rupee strengthening 28 paise to 96.25 against the US dollar and government bonds rebounding as crude retreated.
Conclusion
Monday’s 776-point bounce was less about anything India did and more about what West Asia didn’t do: no strikes, no retaliation, and suddenly the biggest weight on the market lifted. The rally was broad and the beaten-down sectors led it, while strong showings from Bharat Electronics, Ratnaveer and P N Gadgil reminded everyone that earnings season can still deliver positive surprises.
But it’s worth staying realistic: a two-day pause is not a peace deal, and Brent at $87 can head back towards $100 as quickly as it came down. Enjoy the rebound, but keep one eye on the ceasefire talks, because right now, this market’s mood is being set at the negotiating table, not the trading floor.
