Strong Gains For IT, Banks On Dalal Street; Tata Motors Resilient, Asian Paints Dips

Nifty saw a relatively calm session on Monday. IT stocks led the gains, with #Coforge hitting a record high alongside #TCS, #Infosys, and #HCL Tech, fueled by expectations that potential corporate tax cuts in the U.S. could drive increased tech spending. Banks also performed well, with #SBI’s strong Q2 results boosting sentiment. #PNB, #BankBaroda, and #Canara were among other banking gainers. Meanwhile, #AsianPaints took a hit after a disappointing Q2. The standout of the day was #TataMotors, which showed resilience and potential despite a softer Q2 performance.