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Indian shares rose notably on Monday, with benchmark indexes Sensex and Nifty both rising around 1 percent after six straight weeks of declines. <\/p>\n
Underlying sentiment was underpinned as geopolitical tensions eased and Fed Vice Chair of Supervision Michelle Bowman supported a more dovish rate path on Saturday, saying she expects three interest-rate cuts this year.<\/p>\n
Talks between Russian President Vladimir Putin and U.S. President Donald Trump are being held in Alaska on Friday to negotiate an end to the war in Ukraine.<\/p>\n
The announcement of the meeting has fueled expectations of a potential end to sanctions limiting supply of Russian oil to other markets<\/span>.<\/p>\n The benchmark BSE Sensex jumped 746.29 points, or 0.93 percent, to 80,604.08 while the broader NSE Nifty index closed up 221.75 points, or 0.91 percent, at 24,585.05.<\/p>\n The BSE mid-cap and small-cap indexes rose 0.8 percent and 0.4 percent, respectively. <\/p>\n The market breadth was strong on the BSE, with 2,243 shares rising while 1,922 shares declined and 172 shares closed unchanged. <\/p>\n Among the prominent gainers, Tata Motors rallied 3.2 percent despite Q1 profit plunging 62 percent from last year.<\/p>\n SBI shares advanced 2.5 percent as brokerages raised their target prices post strong Q1 results.<\/p>\n Larsen & Toubro, UltraTech Cement, Trent and Eternal climbed 2-3 percent. <\/p>\n Defense stocks were in focus, with Cochin Shipyard, BEML and Bharat Dynamics rising 1-3 percent, after Pakistan’s army chief Asim Munir made unusual remarks against India at a dinner in Florida. He threatened to destroy Indian infrastructure with missiles if India builds dams on the Indus. <\/p>\n He also threatened nuclear war with India, saying Islamabad would take “half the world” down if facing an existential threat. <\/p>\n<\/p>\n Market Analysis<\/p>\n<\/div>\n