Indian equity markets began the trading week on a decisive note on Monday, driven by widespread domestic buying despite mixed cues from international markets. Bullish sentiment dominated right from the opening bell on Dalal Street, propelling the 30-share BSE Sensex up by more than 350 points to cross the crucial 72,800 milestone. Simultaneously, the broader NSE Nifty comfortably maintained its upward trajectory, breaking above the 22,600 mark. Heavyweight stocks including Reliance Industries, TCS, Bajaj Auto, and HCL Tech provided the core momentum that powered the early rally.
Buyers Dominate Early Market Trades
Market sentiment remained heavily stacked in favor of buyers during the morning session. In initial transactions, the BSE Sensex advanced by 361.65 points or 0.50 percent, trading firmly at 72,833.98. The NSE Nifty paralleled the surge with an increase of 122.05 points or 0.54 percent to reach 22,642.50. The underlying market breadth reflected broad-based strength across market segments. A total of 1,921 stocks traded with gains in morning action, compared to only 733 counters that registered declines, while 220 scrips remained unchanged.
Sectoral Indices Present Mixed Picture
Sector-wise indices displayed divergent trends as market participants rotated capital into capital goods, commodities, and real estate. The Nifty Energy index led sector advances with a gain of 0.76 percent, followed by Nifty PSE which rose 0.71 percent. Nifty Realty gathered 0.54 percent, while Nifty Infra moved higher by 0.43 percent. On the other hand, traditional defensive and financial pockets experienced mild softness. Nifty Bank slipped 0.15 percent, Nifty PSU Bank declined 0.25 percent, Nifty FMCG fell 0.16 percent, and Nifty IT edged lower by 0.05 percent under selective profit booking.
Bajaj Auto Leads Top Gainers While Tech Mahindra Lags
Among individual movers, Bajaj Auto emerged as the day's primary outperformer during opening trades, posting an advance of 2.92 percent. It was closely followed by BSE with a gain of 1.71 percent, Mahindra & Mahindra climbing 1.33 percent, BEL adding 1.18 percent, and Dr. Reddy's advancing 1.08 percent. Other large-cap gainers included HCL Technologies (+0.33 percent), Reliance Industries (+0.26 percent), and TCS (+0.20 percent), with InterGlobe Aviation (IndiGo) and Jio Financial Services also trading firmly in the green. Conversely, Tech Mahindra faced sharp selling pressure, sliding 4.27 percent, while Axis Bank (-0.94 percent), ITC (-0.94 percent), Bharti Airtel (-0.76 percent), SBI (-0.66 percent), and ICICI Bank (-0.46 percent) traded with losses.
