Stock Market LIVE Updates: Sensex climbs over 300 points, Nifty crosses 25,100; Banking and Auto sectors spearhead gains

Indian stock markets advanced on Monday, supported by favorable global developments, including solid U.S. employment figures and encouraging momentum in U.S.-India trade discussions. Investor confidence was also bolstered by the Reserve Bank of India’s assertive monetary policy initiatives. All 13 major sectoral indices closed in the green, with leading gains seen in financials and private lenders, each rising by around 1%. The broader market followed suit, with small- and mid-cap indices edging up by roughly 0.7%. Last Friday, both the Nifty 50 and

Sensex posted gains of about 1% following the RBI’s unexpected 50 basis point cut in the repo rate and a 100 basis point reduction in the Cash Reserve Ratio (CRR) for commercial banks. Global sentiment improved following a strong U.S. jobs report, alleviating worries of a potential economic downturn. The MSCI Asia ex-Japan index rose 0.7%, echoing Wall Street’s upbeat close. Meanwhile, progress in U.S.-India trade talks continued, with both countries moving toward a preliminary agreement aimed at lowering tariffs in the agriculture and automotive sectors, ahead of a July 9 target, according to Indian government officials.