Stock market swings with fresh arrival of foreign funds; BSE Sensex rises 912 points, Nifty crosses 23600

New Delhi| The domestic stock market opened on the green mark on the first trading day of the week. Benchmark stock market indices opened with gains for the sixth consecutive session on Monday. The reason for the rise in the market was the rise in big stocks of financial and banking sectors.

Sensex and Nifty witnessed a rise in early trade on Monday due to inflow of foreign funds and buying in blue-chip stocks. Due to positive trend in American markets, domestic stock markets also witnessed a rise. BSE Sensex climbed 965.08 (1.25%) points to 77,809.91 at 11:29 pm on Monday. At the same time, Nifty was seen trading at 23,633.85, up 283.45 (1.21%).

Among Sensex stocks, the biggest gains were seen in Power Grid, Kotak Mahindra Bank, Larsen & Toubro, Axis Bank, NTPC, Bajaj Finserv, Reliance Industries and HDFC Bank. In contrast, decline was seen in Titan, Mahindra & Mahindra, Infosys and UltraTech Cement. Foreign institutional investors (FIIs) had bought shares worth Rs 7,470.36 crore on Friday, according to exchange data.

In Asian markets, decline was recorded in Seoul, Tokyo, Shanghai and Hong Kong. American markets closed in a positive range on Friday.

Earlier, the market’s shockingly amazing potential was cleared last week when Nifty rose by more than 4 per cent in a week. This is also important, because it happened, when global markets were nervous about fears of Donald Trump’s reciprocal tariffs being introduced from April 2. Indeed, last week the BSE benchmark index rose by 3,076.6 points or 4.16 per cent and the Nifty had jumped by 953.2 points or 4.25 per cent. On Friday, the BSE benchmark index had jumped 557.45 points or 0.73% to close at 76,905.51, while the Nifty had climbed 159.75 points or 0.69% to reach 23,350.40 points.