Indian equity benchmarks rebounded on Monday, with both the Nifty and Sensex snapping their three-day losing streak, on account value buying. Markets made a cautious start amid persistent global uncertainties, and foreign fund outflows with foreign institutional investors selling equities worth Rs 10,716.64 crore on a net basis on Friday. However, in the dying hours of trade, the markets added some gains and settled near the day’s highs.

Some of the important factors in trade:

India’s FY26 GDP to grow at 7.5%: Some support came as Fitch Ratings raised India’s GDP growth forecast marginally to 7.5 per cent for FY26 with domestic demand being the biggest growth driver this year.

IEA to release oil to Asia from record stockpiles: Sentiment remained upbeat after the International Energy Agency (IEA) said oil from a record stockpile release would be made available in Asia immediately, as buyers in the region clamor to replace barrels lost due to war-related disruptions in the Middle East.

India’s WPI inflation rises to 2.13% in February: Traders overlooked report that India's wholesale price index (WPI) inflation accelerated in the month of February 2026 at 2.13% as compared to 1.81% in January 2026, driven by higher prices of crude petroleum & natural gas and non- food articles.

On the global front: European equity markets traded in red, ahead of European Unions’ foreign ministers’ debate on a potential naval response to effective closure of Strait of Hormuz. Asian markets ended mostly lower, amid an escalating U.S.-Iran conflict. Investors continued to assess the potential impact of global energy disruptions.

The BSE Sensex ended at 75502.85, up by 938.93 points or 1.26% after trading in a range of 73949.76 and 75805.27. There were 21 stocks advancing against 9 stocks declining on the index. (Provisional)

The top gaining sectoral indices on the BSE were Auto up by 1.23%, Bankex up by 1.08%, FMCG up by 0.94%, Consumer Disc up by 0.56% and Basic Materials up by 0.55%, while Oil & Gas down by 2.29%, Realty down by 1.51%, Energy down by 1.36%, Healthcare down by 1.13% and Capital Goods down by 0.91% were the top losing indices on BSE. (Provisional)

The top gainers on the Sensex were Ultratech Cement up by 4.22%, Eternal up by 2.99%, HDFC Bank up by 2.69%, Trent up by 2.57% and Bajaj Finance up by 2.12%. On the flip side, Bharat Electronics down by 2.32%, Sun Pharma down by 1.25%, Power Grid Corp down by 0.98%, NTPC down by 0.82% and Titan Company down by 0.55% were the top losers. (Provisional)

Meanwhile, commerce Secretary Rajesh Agrawal has said that India must move beyond its identity as the 'Pharmacy of the World' to establish itself as a global medtech manufacturing hub. Moreover, Agrawal underscored the larger aim of achieving a $30 billion medical devices industry by 2030, while leveraging India's significant domestic market for scaling. 

Talking about strengthening India's medical devices export ecosystem, he said the country needs to work towards increasing its global market share in the next decade by prioritizing high-value production, research investments, and streamlined regulations.

India's medical device exports have crossed $4 billion in FY25. Besides, Directorate General of Foreign Trade (DGFT), Lav Aggarwal called for the need to grow faster by addressing structural issues. He noted the significance of strategic trade policies and export promotion initiatives in boosting India's presence in global medical devices markets.

The CNX Nifty ended at 23408.80, up by 257.70 points or 1.11% after trading in a range of 22955.25 and 23502.00. There were 31 stocks advancing against 19 stocks declining on the index. (Provisional)

The top gainers on Nifty were Ultratech Cement up by 4.55%, Mahindra & Mahindra up by 3.58%, Eternal up by 3.32%, Trent up by 3.11% and Grasim Industries up by 2.99%. On the flip side, Bharat Electronics down by 2.25%, Max Healthcare Inst down by 2.22%, Wipro down by 1.79%, Coal India down by 1.43% and ONGC down by 1.38% were the top losers. (Provisional)

European markets were trading lower; France’s CAC fell 54.53 points or 0.69% to 7,857.00, Germany’s DAX lost 80.49 points or 0.34% to 23,366.80 and UK’s FTSE 100 decreased 2.28 points or 0.02% to 10,258.8.