Sensex Surges 1,150 Points, Hits 80,194; Nifty Crosses 24,250 in Early Trade
Indian stock markets started the week on a high, with benchmark indices BSE Sensex and Nifty 50 surging significantly at Monday’s opening. Positive domestic factors and easing foreign investor selling fueled the rally.
Key Highlights:
- Sensex and Nifty Surge: The Sensex jumped 1,076 points (1.36%) to 80,194.05, while the Nifty 50 rose 346 points (1.45%) to 24,253 in early trade.
- What’s Driving the Rally?
- BJP-led coalition’s strong victory in the Maharashtra Assembly elections boosted investor confidence.
- Supportive global market trends added to the momentum.
- Persistent geopolitical uncertainties and foreign investor selling remain concerns.
Market Recap:
- Friday’s Gains:
- Sensex climbed 1,961.32 points (2.54%) to close at 79,117.11.
- Nifty 50 gained 557.35 points (2.39%) to end at 23,907.25.
- Broader indices also saw growth:
- Nifty Smallcap 100: +0.90%
- Nifty Midcap 100: +1.16%
Outlook for the Week:
While domestic cues remain favorable, global uncertainties and foreign investor trends will play a crucial role in shaping market sentiment. Investors will closely monitor these factors as trading continues.
