Mumbai, Oct 6: The Indian stock markets continued their winning streak for the third straight session on Monday, driven by strong buying in the IT and banking shares.

The benchmark Sensex jumped 582.95 points, or 0.72 per cent, to close at 81,790.12, while the Nifty rose 183.4 points, or 0.74 per cent, to end the day at 25,077.

“From a technical perspective, Nifty has successfully broken above the key psychological and technical resistance level of 25,000, turning the structure decisively positive,” analysts said.

“Any dip toward the 25,000 zone is expected to act as a strong support level, with immediate resistance seen at 25,200 and 25,500,” they added.

The Bank Nifty also delivered a stellar performance, opening with a gap-up and maintaining its upward trajectory through the session.

The index surged past 56,100, hitting an intra-day high of 56,164, with next resistance levels seen at 56,300–56,500, and support placed around 55,821–55,500, experts stated.

Broader markets also joined the rally, with the Nifty Midcap 100 gaining 0.89 per cent and the Nifty Smallcap 100 inching up 0.28 per cent.

In the Sensex pack, TCS, Tech Mahindra, Eternal, Axis Bank, and Bajaj Finance were the top performers, climbing as much as 3 per cent.

Meanwhile, Trent, Tata Steel, Power Grid, and Titan ended the session with losses. Among sectors, IT stocks led the gains as the Nifty IT index surged 2.28 per cent.

The Nifty Private Bank, Financial Services, and Healthcare indices also closed in positive territory.

On the other hand, Metal, FMCG, and Media shares came under pressure, slipping up to 1 per cent.

Market experts said the upbeat sentiment in IT stocks and strong institutional buying supported the overall market momentum.

“The domestic equity market ended the session on a positive note, led by gains in the financial services and IT sectors, ahead of the Q2 results,” they said.

“The banking index outperformed, bolstered by strong quarterly updates announced by large scheduled banks and attractive valuations, while hospital stocks surged following the revision of CGHS rates,” market experts added.

New Delhi, Oct 6: Public sector giant Steel Authority of India Limited (SAIL) has supplied the entire requirement of special grade steel for the INS Androth, commissioned into the Indian Navy on Monday, marking a proud milestone in the country’s journey to achieve self-reliance in the defence sector.

INS Androth is the second vessel in the series of Anti-Submarine Warfare Shallow Water Craft (ASW-SWC) corvettes, the first being INS Arnala, which was commissioned on 18th June this year.

SAIL has supplied the full quantity of special grade steel – including HR Sheets and Plates – for the eight ASW-SWC, including INS Arnala and Androth, being built by Garden Reach Shipbuilders and Engineers Ltd. (GRSE).

The steel was sourced from SAIL’s plants in Bokaro, Bhilai and Rourkela. INS Androth’s commissioning underscores India’s growing maritime capabilities and the nation’s commitment to “Aatmanirbhar Bharat,” according to a SAIL statement.

SAIL had also supplied 8,000 tonnes of critical-grade steel for the country’s advanced frontline warships INS Udaygiri and INS Himgiri, which were inducted into the Indian Navy fleet in August this year.

SAIL played a crucial role in building these two advanced frigates for the Indian Navy. Partnering with Mazagon Dock Shipbuilders Limited (MDL) and Garden Reach Shipbuilders & Engineers Limited (GRSE), SAIL supplied essential critical-grade hot-rolled sheets and plates from its Bokaro, Bhilai, and Rourkela Steel Plants.

By developing and providing critical-grade steel for the Indian Navy, SAIL has made a significant contribution to import substitution and defence self-reliance, directly supporting the ‘Atmanirbhar Bharat’ and ‘Make in India’ initiatives and lessening India’s dependence on imported special quality steel for defence requirements.

Special Plate Plant at RSP alone has supplied over 100,000 tonnes of critical grade steel for defence applications like tanks, warships, and missiles, the statement said.

The commissioning of INS Udaygiri and INS Himgiri powerfully demonstrates the strength and depth of a fully indigenous defence ecosystem – from the foundational steel to the intricate design and dedicated crew.

SAIL’s enduring partnership with India’s defence sector is well-established, with a proud history of supplying critical-grade steel for iconic vessels such as the INS Vikrant, INS Nilgiri, INS Ajay, INS Nistar, INS Vindhyagiri, and INS Surat, among others. This unwavering commitment solidifies SAIL’s standing as a trusted national manufacturer and a vital collaborator in the country’s ongoing naval modernisation, the SAIL statement added.

Imphal, Oct 6: The security forces in Manipur have arrested four militants belonging to two different banned outfits, two extortionists, and two drug peddlers, and recovered drugs worth Rs 6 crore during the past 24 hours, officials said on Monday.

A police official said that the security forces, as part of their ongoing crackdown on outlawed militant groups, had arrested four militants belonging to the Kangleipak Communist Party (KCP) and the People’s Liberation Army (PLA)/Revolutionary People’s Front (RPF) from Bishnupur and Imphal West Districts.

Manipur’s one of the oldest militant outfits, PLA, is mostly active in the Imphal valley region with its political wing, RPF.

The arrested rebels were involved in recruiting youths for RPF/PLA, in extortion from people and government officials in the Imphal valley region and mediation through intimidation between parties in cases of loan recovery.

One of the four arrested militants, identified as self-styled Lieutenant of RPF/PLA Khangembam Manglemba Singh alias Sunny (46), would monitor the movement and presence of security personnel and share the information with his outfit.

The official said the security forces arrested two drug peddlers, identified as Mohammad Ethem Khan and Raju Khan, from their respective residences at Heingang in Imphal East district.

From their possession, two kg of highly addictive methamphetamine tablets valued at over Rs six crore and cash amounting to over Rs 38 lakh were recovered.

Manipur Police arrested two persons who were involved in extortion from vehicles plying on the Imphal-Dimapur National Highway (NH-2).

They were identified as Sarangthem Dinesh Singh (29) and Khundrakpam Mohen Singh (25) and arrested from Keinou bazar under Bishnupur district. From their possession, a two-wheeler and a mobile phone were recovered.

The official said that the security forces continue to conduct search operations and area domination in the fringe and vulnerable areas across districts.

The movement of 346 vehicles carrying essential items along Imphal-Jiribam National Highway (NH-37) has been ensured without any incident.

Strict security measures are taken up in all vulnerable locations, and security convoys are provided in sensitive stretches in order to ensure free and safe movement of vehicles. According to the official, a total of 115 nakas/checkpoints were set up in different districts, both in the hills and the valley region, to prevent untoward and illegal movements of inimical elements and suspected vehicles.