Synopsis : Indian stock markets opened higher on Monday with Sensex up 240 points and Nifty near 24,800, supported by strong global cues. Gains in metals, autos, and IT stocks drove early momentum, though trade concerns remain a risk.
Indian equity markets kicked off the week on a positive note, tracking firm global cues. The NSE Nifty 50 opened 68 points higher at 24,809, while the BSE Sensex gained 235 points to 80,945. Similarly, the Bank Nifty rose 110 points to 54,225, while the Nifty Midcap climbed 208 points to 57,284, reflecting strong participation across broader indices.
Analysts noted that global sentiment, hinted by a gap-up opening in GIFT Nifty, boosted domestic benchmarks. However, uncertainties surrounding US-India trade relations continue to cast shadows. President Trump’s recent reassurance on “special US-India ties” offered some relief, but his renewed comments on sanctions against Russia and trade advisor Peter Navarro’s sharp stance on India remain negatives.
VK Vijayakumar, Chief Investment Strategist at Geojit Investments, said:
“Rumours of restrictions on India’s IT exports could weigh on sentiment, even though services trade has remained largely unaffected. While GST reforms have boosted morale, the market had already priced in much of the optimism from the rate cuts.”
Early Gainers and Laggards:
Top gainers : JSW Steel, Tata Steel, Tata Motors, Mahindra & Mahindra, Wipro
Top laggards : SBI Life Insurance, HDFC Life Insurance, Kotak Mahindra Bank, Asian Paints, Nestle India
Global Market Trends:
Asian equities traded higher in early hours, led by Japan after Prime Minister Shigeru Ishiba stepped down, easing political pressure. However, US markets ended weaker on Friday, with a disappointing jobs report sparking concerns of economic slowdown.
Overall, while Indian markets remain supported by global trends and sectoral strength, trade uncertainties and valuation pressures could trigger volatility ahead.
Disclaimer : This article is for informational purposes only and should not be considered financial or investment advice. Investors should consult certified professionals before making trading or investment decisions.
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