Stock Markets Open Strong On Monday, Sensex & Nifty Rise On Foreign Buying & Global Cheer
Indian stock markets kicked off Monday with strong gains, building on last week’s upward trend. The Sensex rose by nearly 483 points to reach around 85,412, while the Nifty climbed over 160 points to cross 26,100. This follows a positive close on Friday, where both indices saw significant jumps.
The rally began on Friday, with the Sensex ending higher by about 448 points and the Nifty gaining nearly 151 points. Investors took confidence from global markets, including those in Asia and the US, which also traded higher. Foreign Institutional Investors (FIIs) and Domestic Institutional Investors (DIIs) played a key role, buying shares worth over Rs 1,800 crore and Rs 5,700 crore respectively.
Brent crude oil prices inched up to around USD 60.91 per barrel, a development closely monitored by traders. Meanwhile, IT and metal stocks led the gains, with companies like Infosys, Tata Steel, Tech Mahindra, Trent, HCL Technologies, and Bharti Airtel among the top performers. Market experts suggest that the improvement in the rupee and renewed foreign buying could fuel a year-end rally. While foreign investors had sold INR 11.1 billion worth of shares earlier, they resumed buying in later sessions, adding to the positive sentiment.
Monday’s strong opening reflects continued optimism in Indian equities, supported by both domestic and global factors. With key sectors like IT and metals driving gains, analysts will watch whether this momentum holds in the coming sessions.
