Benchmarks rise for 3rd day, Nifty ends above 25,900; M&M jumps 3.3%

The domestic equity benchmarks continued their winning streak on Monday, closing with decent gains for the third consecutive day. The benchmark Nifty index settled above the 25,900 level, buoyed by a combination of factors including the recent Federal Reserve rate cut, and expectations of a change in stance by the Reserve Bank of India. Several sectors contributed to the market’s rise, with PSU banks, realty, and energy shares witnessing strong demand. However, IT, private banks, and healthcare stocks faced some pressure.