Indian equities ended Monday on a strong note
Gaurav Garg,
Lemonn Markets Desk
Mumbai, 9 February 2026: “Indian equities ended Monday on a strong note, supported by optimism around the India–U.S. interim trade framework, robust global cues and standout earnings from State Bank of India. Market breadth remained healthy as midcap and smallcap indices outperformed, gaining nearly 1% and over 1% respectively.
Banking and financial stocks led the rally, with SBI surging to a fresh record high after reporting better-than-expected Q3 earnings and upgrading its full-year loan growth guidance. The sharp move in SBI lifted PSU banks and the broader financials pack. Export-oriented sectors were also in focus after the India–U.S. trade framework signalled tariff reductions to 18%, boosting textiles, seafood exporters and aerospace-linked stocks. Stocks like Gokaldas Exports, Arvind, HAL, Azad Engineering and Dynamatic Technologies saw strong buying interest.
Sentiment was further aided by sustained foreign portfolio inflows over recent sessions and positive Asian market cues. Overall, the market closed the day with a positive undertone, with investors selectively positioning for earnings momentum and trade-linked opportunities.”
