Indian equities dawned brightly on Monday, propelled by encouraging international cues that set a positive tone for the trading session. By 9:19 AM, benchmark Sensex was up 363 points (0.47%) at 77,027, and Nifty advanced 106 points (0.45%) to 24,004, marking a promising beginning to the week.
Early momentum was spearheaded by pharmaceutical and realty sectors, which topped the gainers’ chart. Nifty Pharma and Nifty Realty led the charge, with supporting gains in healthcare, metals, IT, defence, and commodities indices—all firmly in positive territory.
Market breadth was impressive across market caps. Large-caps set the pace, but midcaps and smallcaps outperformed with Nifty Midcap 100 rising 1.34% or 794 points to 60,169, and Nifty Smallcap 100 gaining 1.37% or 240 points to 17,807. This all-round strength underscores investor resilience.
Sensex constituents shone brightly, featuring gainers such as Sun Pharma, Adani Ports, Tata Steel, Infosys, Kotak Mahindra Bank, M&M, L&T, Tech Mahindra, NTPC, ITC, Asian Paints, Eternal, Maruti Suzuki, Titan, SBI, Trent, Power Grid, Bajaj Finserv, Bharti Airtel, and IndiGo. Minor dips were seen in Axis Bank, BEL, and Bajaj Finance.
Most Asian bourses opened higher, including Tokyo, Shanghai, Hong Kong, Bangkok, Seoul, and Jakarta. Friday’s US session was mixed: Dow down 0.16%, Nasdaq up 1.63%.
Geopolitical developments added fuel, with reports of Iran offering a new peace initiative to the US to reopen Hormuz Strait and halt hostilities. Yet, momentum stalled after Islamabad talks were scrapped last week.
FIIs continued their selling spree, dumping Rs 8,827.87 crore in equities on Friday, but DIIs stepped in with Rs 4,700.71 crore buys, stabilizing the indices and paving the way for potential further upside.
