After opening the day higher, the benchmark indices continued their upward momentum, ended the session in green.

Indian equity markets indices Sensex and Nifty ended higher on Monday, led by PSU Bank, Realty and Auto stocks.

At the closing bell, the BSE Sensex closed higher by 746 points (up 0.9%).

Meanwhile, the NSE Nifty closed 221 points higher (up 0.9%).

Tata Motors Eternal, Trent among the top gainers today.

Bharti Airtel, Bharat Elec, and Maruti Suzuki, on the other hand, were among the top losers today.

The GIFT Nifty was trading at  24,57,5, higher by 181 points at the time of writing.

The BSE MidCap index ended 0.8% higher, and the BSE SmallCap index ended 0.4 higher.

Barring the consumer durable sector, all other sectoral indices are trading positively today, with stocks in the auto and banking witnessed buying.

The rupee is trading at Rs 87.7 against the US$.

Gold prices for the latest contract on MCX are trading 0.3% higher at Rs 101,806 per 10 grams.

Meanwhile, silver prices were trading 0.5% higher at Rs 114,900 per 1 kg.

Here are three reasons why Indian share markets are rising

#1 Value buying amid uncertainty

The market is recovering due to value buying after six weeks of losses.

Momentum is still negative due to uncertainty over US trade negotiations, but the recent decline might lead to a technical rebound, with trade updates influencing market direction.

#2 Global cues and geopolitical developments

Global markets are impacting India's equity benchmarks. Asian share indexes are rising due to strong tech sector earnings, and US stocks ended higher on Friday.

Upcoming geopolitical events, like Trump-Putin talks on Ukraine, may also influence market trends this week.

#3 Oil Price Drop Boosts

Oil prices fell in Asian trade, continuing last week's 4% decline, amid US-Russia talks on Ukraine. Meanwhile, Grasim Industries and SBI shares rose after strong quarterly earnings. Grasim jumped 2.2% and SBI gained 2.2% on better-than-expected profits.
 

Sai Life Sciences Shares Jumps 11 Post Q1

In the news from pharma sector, shares of Sai Life Sciences came in focus after the company posted its Q1 FY26 results.

The company's EBITDA (operating profit) jumped 303.7% to Rs 1.3 billion (bn), with margins rising to 25% from 11%. This improvement was due to better efficiency, productivity, and scale across its operations.

Revenue from operations increased 77% year over year to Rs 4.9 bn Compared to Rs 2.8 bn in Q1FY25.

Deeper engagement with international clients allowed for a 38% increase in Discovery revenues and a 113% growth in the CDMO segment, which drove the revenue growth.

Sai Life Sciences reported a significant turnaround in Q1 FY26, posting a profit of Rs 0.6 bn compared to a loss of Rs 0.1 bn in the same quarter last year. This growth was driven by strong revenue from operations

It recently opened new biology labs that boost its Integrated Discovery platform, allowing the company to handle more complex molecules.

Sai Life Sciences provides comprehensive services including medicinal chemistry, process development, manufacturing, and advanced technology platforms for clients in the pharmaceutical and biotechnology industries.
 

Puravankara Shares Drop on Q1 Loss

Moving on to the news from realty sector, shares of Puravankara dropped 5% after the company posted its Q1 FY26 results.

The company's operating revenue decreased 20.3% during the quarter to Rs 5.2 bn. Revenue decreased 4.4% on a sequential basis.

With a sales volume of 1.25 million square feet, the company's Q1FY26 sales of Rs 11.2 bn represented a 6% year-over-year increase. While collections were Rs 8.6 bn, the average realisation increased by 9% to Rs 8,988 per square foot.

The company reported a net loss of Rs 0.7 bn in Q1 FY26, compared to a net profit of Rs 0.2 bn in the same quarter last year, mainly due to slower handovers and sales caused by regulatory changes.

Puravankara's Managing Director attributed the company's lower-than-expected handovers and sales to regulatory changes like e-Khata and byelaw amendments. Despite this, the team remains optimistic about meeting scheduled handovers and launch targets, showcasing confidence in their growth trajectory.

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