Nifty hits 25K comeback trail

Banks and IT stocks do the heavy lifting

- BS REPORTER & REUTERS

Benchmark indices rose for a third straight day on Monday, with the National Stock Exchange Nifty 50 ending above the 25,000 mark for the first time in nearly two weeks. Banking and financial stocks led the rally following strong quarterly updates, while information technology (IT) counters advanced ahead of September earnings.

The Nifty 50 rose 183 points, or 0.74 per cent, to 25,077.65, extending its three-day gain to 1.9 percent. The BSE Sensex added 593 points, or 0.72 per cent, to close at 81,790. Top-weight HDFC Bank gained 0.9 per cent, while Kotak Mahindra Bank rose 2 per cent after reporting robust loan disbursement growth for the July-September quarter (Q2) of 2025-26 (FY26).

Bajaj Finance advanced 1.9 percent after announcing that its assets under management had increased by about 24 per cent year-on-year during Q2.