The Indian stock market wasted no time diving into positivity on the first trading day of the week, with benchmark indices opening sharply higher. Sensex blasted off 597.11 points to 84,177.51, well above Friday’s 83,580.40 close, while Nifty advanced 195 points to 25,888.70.
At 9:30 AM, Sensex hovered at 84,022.17 (+441.77 points, 0.53%), and Nifty at 25,822.65 (+0.50%). Midcaps rose 0.6%, smallcaps 0.76%, painting a picture of widespread enthusiasm.
Standout sectors included PSU Banks (+3%+), Realty (+1.7%), and Metals (+0.9%). Gainers in Sensex: SBI, Titan, Eternal, Kotak Bank, Tata Steel, BEL, Adani Ports, IndiGo. Losers: Power Grid, ITC, Bajaj Finance, Axis Bank, HUL, ICICI Bank.
Per Choice Broking’s technical expert Akash Shah, Friday’s recovery from early weakness—closing 210 points up at 25,693.70—highlights resilient buying. Key levels: resistance 25,850-25,900, support 25,550-25,600 for Nifty.
FII net buying of Rs 1,950 crore contrasted DII selling of Rs 1,265 crore on Friday. Shah recommends discipline amid global jitters: target strong fundamentals on pullbacks, hold off on longs until Nifty breaches 26,000 decisively. This threshold could unlock sustained upward momentum, rewarding patient market players.