India's stock market opened the week on a spectacular note. As the market opened Monday morning, investors' faces lit up. Both the Sensex and Nifty saw b gains, largely overcoming the previous week's weakness.
Share Market: On Monday, the first trading day of the week, the domestic share market opened bly. A positive trend was observed, with the Sensex surging 562.31 points in early trading to reach 82,283.39. The Nifty also registered a gain of 175.7 points, crossing the 25,000 mark for the first time and trading at 25,028.85. Along with this market surge, the rupee also strengthened, appreciating by 44 paise against the US dollar in early trading to reach 85.01.
Nifty Creates New History, Sensex Also Soars
In early Monday trading, the Sensex jumped 562.31 points to reach 82,283.39. Similarly, the Nifty opened b at 25,028.85, its highest level ever, with a gain of 175.7 points. This surge has reassured investors that economic indicators and the global environment are now appearing favorable for the market.
Not only the stock market, but the rupee also strengthened by 44 paise against the dollar, reaching 85.01. This is attributed to increased interest from foreign investors and a decrease in US Treasury yields.
Friday's Surge Provides Support
The market also performed bly last Friday. The Sensex gained 769.09 points, closing at 81,721.08. The Nifty also jumped 243.45 points, touching 24,853.15. Key reasons for this surge included b buying in blue-chip stocks like Reliance Industries, HDFC Bank, and ITC, and the anticipation of a record dividend proposed by the RBI.
Most of the 30 Sensex Stocks in the Green
NSE Top Gainers and Top Losers
