Markets Open Higher: Sens_x Surges 250 Points, Nifty Crosses 24,500
India’s stock markets opened on a strong note on Monday, with benchmark indices rallying sharply on the back of gains in IT stocks and upbeat economic data. Here’s a detailed breakdown of the market action.
1. Sensex & Nifty Start the Week Strong
2. Infosys Leads the RallyIT major Infosys surged 1.90%, emerging as the top gainer among index heavyweights. Positive global cues and strong earnings outlooks for IT companies boosted the sector.
3. Other Major Gainers
4. Top Losers Dragging the MarketWhile most sectors were in the green, a few heavyweight stocks witnessed profit booking:
5. Sectoral Performance – IT Steals the Show
6. Midcap & Smallcap Indices Shine
8. Domestic Economic Boost – GDP at 7.8%India’s Q1 GDP growth came in at 7.8%, surpassing expectations and fuelling optimism about economic resilience. Analysts expect upcoming GST reforms to provide additional support to the growth trajectory.
9. Global Developments in PlayDr. VK vijayakumar of Geojit Investments pointed out two key global influences:
10. Fiscal & Monetary Stimulus Driving MarketsAccording to Vijayakumar, fiscal stimulus from the Budget and monetary support from the MPC are now taking effect. Combined with surging mutual fund inflows, these factors are expected to sustain market momentum.
Final WordWith Sensex above 80,000 and Nifty crossing 24,500, indian equities have kicked off the week on a bullish note. While IT stocks lead the rally, upcoming macroeconomic data and global trade developments will dictate market direction in the coming days.
1. Sensex & Nifty Start the Week Strong
- Sensex: Up 368.48 points to 80,178.13 (9:35 AM).
- Nifty50: Up 112.65 points to 24,539.50.
2. Infosys Leads the RallyIT major Infosys surged 1.90%, emerging as the top gainer among index heavyweights. Positive global cues and strong earnings outlooks for IT companies boosted the sector.
3. Other Major Gainers
- Bajaj Finance: +1.65%
- Tech Mahindra: +1.63%
- Adani Ports: +1.47%
- Power Grid: +1.32%
4. Top Losers Dragging the MarketWhile most sectors were in the green, a few heavyweight stocks witnessed profit booking:
- Maruti Suzuki: -0.54%
- Hindustan Unilever: -0.53%
- Sun Pharmaceutical: -0.34%
- Reliance Industries: -0.30%
- ITC: -0.12%
5. Sectoral Performance – IT Steals the Show
- Nifty IT: +1.56% – biggest gainer.
- Nifty Consumer Durables: +0.97%.
- Nifty Metal: +0.64%.
- Nifty Private Bank: +0.53%.
- Nifty Financial Services: +0.47%.
6. Midcap & Smallcap Indices Shine
- Nifty Midcap100: +0.82%.
- Nifty Smallcap100: +0.67%.
8. Domestic Economic Boost – GDP at 7.8%India’s Q1 GDP growth came in at 7.8%, surpassing expectations and fuelling optimism about economic resilience. Analysts expect upcoming GST reforms to provide additional support to the growth trajectory.
9. Global Developments in PlayDr. VK vijayakumar of Geojit Investments pointed out two key global influences:
- A U.S. court ruling declaring Trump’s tariffs illegal.
- The strengthening data-alignment of China, india, and Russia, reshaping global trade dynamics.
10. Fiscal & Monetary Stimulus Driving MarketsAccording to Vijayakumar, fiscal stimulus from the Budget and monetary support from the MPC are now taking effect. Combined with surging mutual fund inflows, these factors are expected to sustain market momentum.
Final WordWith Sensex above 80,000 and Nifty crossing 24,500, indian equities have kicked off the week on a bullish note. While IT stocks lead the rally, upcoming macroeconomic data and global trade developments will dictate market direction in the coming days.