Stock Market Opens Strong: Sensex Jumps 466 Points to 82,187, These Stocks Surge

New Delhi: The Indian stock market started the week on a strong note this Monday. The BSE Sensex opened with a jump of 466.00 points at 82,187.08. Similarly, the NSE Nifty rose by 138.20 points to open at 24,991.35. Among the top gainers were POWERGRID, NTPC, M&M, ULTRACEMCO, ICICI BANK, and TATA MOTORS, which witnessed significant buying. Only one stock, Eternal, was in decline. Banking stocks showed notable strength today.

Last week, the 30-share BSE Sensex had slipped by 609.51 points, and the NSE Nifty had closed 166.65 points lower. However, markets bounced back sharply on Friday. Due to strong buying in blue-chip companies like Reliance Industries, HDFC Bank, and ITC, the domestic stock markets closed higher. The BSE benchmark Sensex had surged 769.09 points to close at 81,721.08, while the NSE Nifty climbed 243.45 points to end at 24,853.15. On Friday, 29 out of the 30 Sensex stocks closed in the green.

India Becomes the Fourth-Largest Economy
Among the top performers in the Sensex pack were Mahindra & Mahindra, Tata Motors, Titan, ICICI Bank, Tech Mahindra, NTPC, Power Grid, and Bajaj Finserv. Only Eternal stock recorded a decline. NITI Aayog CEO B.V.R. Subrahmanyam stated that India has overtaken Japan to become the fourth-largest economy in the world. This news significantly boosted investor sentiment in the Indian markets.

In Asian markets, South Korea’s KOSPI and Japan’s Nikkei 225 traded in the green, while Hong Kong’s Hang Seng and Shanghai SSE Composite remained in the red. Meanwhile, U.S. markets closed on a negative note on Friday.

Crude Oil Prices Rise
Brent crude, the global oil benchmark, rose by 0.32% to trade at $64.99 per barrel. According to stock market data, Foreign Institutional Investors (FIIs) were net sellers on Friday, offloading shares worth ₹1,794.59 crore, which kept market activity vibrant.