Sensex Opening Bell: Stock market greens; Sensex rises 450 points, Nifty close to 22550
New Delhi| Asian markets showed positive on Monday after China announced new measures to increase consumption. Banking, financial and auto stocks started trading with gains due to strong global cues. Major Indian benchmark indices Sensex and Nifty opened with gains on Monday. At 9:25 am the BSE Sensex rose 374 points or 0.51% to 74,203, while the Nifty 50 appeared to be trading at 22,517, up 119 points or 0.53%.
Among the Sensex stocks, IndusInd Bank gained about 5 per cent. The Reserve Bank on Saturday assured customers that the company has sufficient capital. Also directed the Board of Directors of the Bank to complete the corrective action related to the accounting discrepancy of Rs 2,100 crore this month.
Bajaj Finserv, Mahindra & Mahindra, Bajaj Finance, Adani Ports, Maruti and Tata Motors were among the other gainers. However, Nestle, HCL Tech, State Bank of India, Tech Mahindra and Infosys lagged behind. In Asian markets, Seoul, Tokyo, Shanghai and Hong Kong were trading in a positive range. At the same time, American markets closed with a rise on Friday.
According to market experts, the market trend is expected to remain stable with positive bias in the near future. The market is also getting strengthened due to the continuous declining trend in FII withdrawals and India’s better performance against America last week.
VK Vijayakumar, chief investment strategist at Geojit Financial Services, said, “The positive trend in the market has been fundamentally supported by a 6.2% jump in GDP growth in Q3 FY2025, a 5% jump in IIP in January and a 3.61% decline in CPI inflation in February” This positive macro background may support the market in the short term, but there is little hope of sustaining the market rally” He said that fears of a trade war are looming over global trade and global development.
Foreign institutional investors (FIIs) sold equities worth Rs 792.90 crore on Thursday, according to exchange data. Domestic stock markets remained closed on Friday on the occasion of Holi. Total withdrawals by foreign investors have reached 1.42 lakh crore rupees (US$16.5 billion) so far in 2025, depository data showed.
“Investors will focus on wholesale price index based inflation, trade data and FII activities”, said Prashant Taapsee, senior vice president (research), Mehta Equities Ltd Brent crude, the global oil benchmark, rose 0.64 percent to $71.03 a barrel. On Thursday, the Sensex had closed at 73,828.91, down 200.85 points or 0.27 percent. Nifty had closed at 22,397.20, down 73.30 points or 0.33 per cent.
