Share Market Outlook: After three consecutive days of decline due to the strengthening of global markets amid West Asia tensions and improvement in the geopolitical environment and the historic free trade agreement between India and New Zealand, the Indian stock market looked green on the first trading day of the week on Monday and major benchmarks of the domestic market Sensex and Nifty closed in the green with gains.

At the time of market closing, the 30-share BSE Sensex was seen trading at 77,303.63 with a rise of 639.42 points or 0.83 percent, while the NSE Nifty50 reached 24,092.70 with a gain of 194.75 (0.81 percent) points.

Nifty Smallcap up 1.90%

During the day’s trading, the 30-share Sensex opened at 76,856.05 and rose 563.99 points to reach the day’s high of 77,420.04, while the Nifty50 opened at 23,945.45 and rose 185.25 points to reach the day’s high of 24,130.70. Broader markets outperformed the benchmark indices, with the Nifty Smallcap 100 index rising 1.90 per cent and the Nifty Midcap 100 index rising 1.47 per cent.

How was the condition of the sectoral index?

Sector wise, Nifty Realty, Nifty IT and Nifty Pharma, Nifty Media and Nifty Metal saw a growth of more than 2 percent. Apart from this, Nifty Auto, Nifty Oil & Gas, Nifty FMCG also outperformed. At the same time, the performance of Nifty Private Bank and Nifty Financial Services was weaker than the benchmark index.

In Nifty 50 pack, shares of Sun Pharma, Tech Mahindra, Wipro, Adani Ports, NTPC, SBI Life, JSW Steel, HCL Tech, M&M and TCS registered the highest gains and were included in the list of top gainers. While shares of Shriram Finance, Axis Bank, BEL, Tata Consumer, Trent, ICICI Bank, Eternal and Nestle India recorded the biggest decline.

Free Trade Agreement between India and New Zealand

Let us tell you that India and New Zealand signed a historic free trade agreement on Monday, under which New Zealand will get tariff exemption on 100 percent Indian exports. At the same time, the tariff on 95 percent of the goods coming to India from New Zealand has been exempted or the tariff has been reduced. The agreement was signed in the presence of Commerce Minister Piyush Goyal and his New Zealand counterpart Todd McClay.

There was a break in the decline that continued for three days

This started on March 16, 2025 free trade agreements (FTA) has established a new chapter in the economic relations between the two countries by being concluded in a record nine months. Under this agreement, India will get immediate 100 percent duty-free access on all tariff products. This also supported the domestic market and on the first trading day of the week, major benchmarks performed better, breaking the trend of decline that had been going on for the last three consecutive days.