Indian markets opened the week on a strong note, with benchmark indices Sensex and Nifty showing early gains on Monday. In the pre-open session, the BSE Sensex rose by over 200 points, crossing 81,900, while the NSE Nifty50 advanced more than 50 points to trade above 24,900 around 9:09 AM.
As trading began, markets held on to their early momentum, with benchmark indices continuing to rise. By around 9:17 AM, the BSE Sensex had surged over 500 points, nearing the 82,250 mark, while the NSE Nifty jumped nearly 140 points, briefly testing the 25,000 level.
Among the 30 Sensex stocks, Eternal was the sole laggard, slipping nearly 3% in early trade. On the other hand, the top gainers included M&M, PowerGrid, Tech Mahindra, Tata Motors, and NTPC.
Broader market sentiment also remained upbeat, with the Nifty Microcap 250 leading the charge, rising 0.89%. Sector-wise, the Metal and Auto indices were the top performers, gaining 0.94% and 0.91% respectively.
Rupee Vs Dollar
The Indian rupee began the week on a strong note, appreciating by 40 paise to reach 85.05 against the US dollar in early Monday trade. The rise was supported by a weak US dollar index and positive domestic equity cues. On Friday, the rupee had already strengthened by 50 paise to close at 85.45 against the greenback.
V K Vijayakumar, Chief Investment Strategist at Geojit Investments Limited, stated, “News of India becoming the fourth largest economy in the world would be a near-term morale boost for the market. RBI’s bumper dividend payment to the government, exceeding the budget estimates, will help contain the fiscal deficit target for FY26 at 4.4 per cent. This, in turn, can sustain the low inflation and declining interest rate trend which will continue to support the equity market.”