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
- Sensex: Up 368.48 points to 80,178.13 (9:35 AM).
- Nifty50: Up 112.65 points to 24,539.50.
The upbeat opening reflects strong investor sentiment, aided by global and domestic factors.
2. Infosys Leads the Rally
IT 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%
These gains helped maintain upward momentum across key indices.
4. Top Losers Dragging the Market
While 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%.
Only Nifty FMCG slipped, losing 0.24%.
6. Midcap & Smallcap Indices Shine
- Nifty Midcap100: +0.82%.
- Nifty Smallcap100: +0.67%.
Broader market indices continued to reflect positive momentum, supported by strong liquidity inflows.
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7. Volatility Index (India VIX) Edges Higher
The India VIX, a measure of market volatility, rose by 0.48%, signalling mild investor caution despite overall bullishness.
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 Play
Dr. VK vijayakumar of Geojit Investments pointed out two key global influences:
- A U.S. court ruling declaring Trump’s tariffs illegal.
- The strengthening alignment of China, india, and Russia, reshaping global trade dynamics.
The final verdict from the U.S. supreme court is now awaited.
10. Fiscal & Monetary Stimulus Driving Markets
According 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 Word
With 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.
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