Stock Markets Open Higher on Strong Global Cues
Stock markets surge on foreign fund inflows as benchmark indices Sensex and Nifty opened higher on Monday amid firm global trends. As stock markets surge on foreign fund inflows, investor sentiment remained positive, supported by strong FII and DII buying.
Sensex and Nifty Register Sharp Early Gains
The BSE Sensex jumped 482.7 points, or 0.56 per cent, to reach 85,412.06 in early trade. Meanwhile, the NSE Nifty climbed 160.2 points, or 0.61 per cent, to 26,126.60, supported by broad-based buying in heavyweight stocks.
IT and Metal Stocks Lead Market Rally
Among the 30 Sensex companies, Infosys, Tata Steel, Tech Mahindra, Trent, HCL Tech, and Bharti Airtel emerged as the top gainers. Strong demand in information technology and metal stocks helped push the indices higher. On the other hand, UltraTech Cement and Power Grid were the only stocks trading in the red during the early hours.
Asian Markets Provide Positive Support
Market sentiment also received support from Asian equities, which traded firmly in positive territory. South Korea’s Kospi, Japan’s Nikkei 225, Shanghai’s SSE Composite, and Hong Kong’s Hang Seng index all recorded gains, tracking improved global risk appetite and strong cues from the US markets.
US Markets Close Higher, Boosting Confidence
Overnight, US stock markets ended Friday’s session on a strong note, adding to global optimism. The positive close on Wall Street encouraged buying across Asian and Indian markets, helping domestic indices extend gains during early trade.
Strong FII and DII Buying Lifts Sentiment
Institutional participation played a key role in the market’s upward move. Foreign Institutional Investors (FIIs) bought equities worth ₹1,830.89 crore on Friday, according to exchange data. At the same time, Domestic Institutional Investors (DIIs) remained strong buyers, purchasing shares worth ₹5,722.89 crore, providing stability and confidence to the market.
Experts See Scope for Year-End Rally
Market experts believe favourable conditions could push indices higher in the coming sessions. VK Vijayakumar, Chief Investment Strategist at Geojit Investments Limited, said the market appears to be heading toward a year-end rally. He noted that a sharp reversal in the rupee and FIIs turning buyers could trigger short covering and drive benchmark indices to fresh highs.
Crude Oil and Previous Session Performance
Meanwhile, Brent crude oil, the global benchmark, rose 0.73 per cent to USD 60.91 per barrel. In the previous session on Friday, the Sensex gained 447.55 points to close at 84,929.36, while the Nifty rose 150.85 points to settle at 25,966.40, setting a strong foundation for Monday’s rally. Follow for more updates, FM News.
