Despite paring a good portion of early gains, key Indian stock indices Sensex and the Nifty50 closed on a firm note on Monday, as investors reacted to a slew of earnings updates and encouraging vehicles sales data from leading automobile manufacturers.
A good show by the National Democratic Allianz (led by the Bharatiya Janata Party) in assembly elections in Assam and West Bengal contributed as well to the positive mood in the market.
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Market Analysis
May 01, 2026 15:54 ET Central banks dominated the economics news flow this week with almost all major ones announcing their latest policy decisions and many boosted expectations for a rate hike in June. In other news, several countries released the preliminary data for first quarter economic growth. In the U.S., comments by Fed Chair Jerome Powell were also in focus as his term ends this month.