The benchmark index Nifty 50 regained the 25,100 mark and closed at a one-week high on Monday, boosted by strong performances from heavyweight stocks such as HDFC Bank, L&T, and ITC and significant contributions from the information technology sector.

The Nifty closed up 164 points at 25,127.95, remaining 1,253.85 points below its recent record high of 26,277.35. The Sensex increased by 591.69 points to finish at 81,973.05.

The Nifty Bank index rose by 644.60 points, settling at 51,816.90, and surpassed key 50-day and 100-day moving averages.

Midcap stocks demonstrated resilience, closing 450 points above their intraday lows. The midcap index increased by 252.75 points to 59,465.45.

Federal Bank was the top midcap gainer, rising by 5%, while MTNL surged 6% on potential revival plans.

IT stocks saw renewed buying interest, with Wipro and Tech Mahindra leading Nifty gainers; HCLTech rose over 1% ahead of its earnings report, while Reliance Industries ended flat before its second-quarter results. Expectations of strong festive demand boosted buying in two-wheeler autos.

Among the losers, Tata Chemicals and Bandhan Bank faced sharp declines after exiting the F&O ban.

ONGC shares fell amid declining crude prices, with Brent crude dropping below $78 per barrel, while oil marketing companies rose.

Indian Energy Exchange (IEX) closed down 4% following comments from the Power Secretary about market coupling commitments.

City gas stocks slipped due to expectations of lower APM gas allocations. Realty stocks, including Oberoi Realty and Godrej Properties, gained, with Oberoi up 4%. IEX shares fell as much as 6% on fears of market coupling resurfacing.

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