Stock markets started with gains; Nifty rose 102 points, Sensex up 545 points

New Delhi| Indian stock markets started the new week with gains. Both Nifty and Sensex indices showed strength on Monday. During this period, Nifty 50 index opened at 24,956.15 points after gaining 0.41 percent or 102.10 points, while BSE Sensex opened at 81,770.02 points, up 545 points or 0.67 percent.

According to market experts, quarterly announcements of financial results and continuous activity of foreign investors will remain in focus this week. “India’s focus remains on the earnings season, which has been slightly below average so far and sustained selling by FIIs from secondary markets”, explained banking and market expert Ajay Bagga.

Among the regional indices on the National Stock Exchange on Monday, all regional indices except Nifty FMCG rose, with a slight decline of 0.19 per cent. Nifty IT initially led the gains with a gain of 0.76 per cent.

HDFC Bank, Tech Mahindra, HDFC Life and Eicher Motors were the biggest gainers in opening, while Tata Consumer, Kotak Bank and Bharti Airtel were the biggest losers. Bajaj Housing Finance, Union Bank of India, Mahindra Logistics and HFCL are scheduled to announce their second quarter financial results in the quarterly financial results announcement.

Other Asian markets saw mixed movements on Monday, with Japan’s Nikkei recording a 0.33 percent gain, while Hong Kong’s Hang Seng fell 0.31 percent. South Korea’s Kospi recorded a gain of 0.82 percent, and Taiwan’s markets were also up at the time of filing this report.