Stock Markets Open Strong On Monday, Sensex & Nifty Rise On Foreign Buying & Global Cheer
Indian stock markets began the week on a strong note, with both Sensex and Nifty opening higher on Monday. The upward trend followed a surge in global markets, lifting investor confidence across sectors. Early trading saw Sensex climb nearly 483 points, while Nifty crossed the 26,100 mark.
The rally was led by IT and metal stocks, with major companies like Infosys, Tata Steel, and Tech Mahindra among the top performers. Positive cues from Asian and US markets contributed to the optimistic sentiment.
On the previous trading day, likely Friday, institutional investors showed significant activity. Foreign Institutional Investors (FIIs) purchased shares worth over Rs 1,800 crore, while Domestic Institutional Investors (DIIs) bought stocks valued at more than Rs 5,700 crore. No specific institutions or securities were identified as the biggest buyers or gainers during this period. Market experts have suggested that the recent improvement in the rupee’s value, combined with renewed foreign investment, could fuel a year-end rally. Meanwhile, Brent crude oil prices also edged higher, reaching around USD 60.91 per barrel.
The early gains in Sensex and Nifty reflect broader optimism in the market, supported by strong institutional buying and global trends. With the rupee’s recovery and increased foreign interest, analysts expect the positive momentum to continue as the year draws to a close.
