Sensex, Nifty Extend Rally on Global Cues and RBI Rate Cut Boost

Indian benchmark indices continued their upward momentum on Monday, buoyed by strong global cues and investor optimism following the Reserve Bank of India’s surprise 50 basis points rate cut.

How Strong Is Today’s Market Opening?

The BSE Sensex surged 480.01 points to reach 82,669 in early trade, while the NSE Nifty jumped 157.05 points to 25,160.10, building on Friday’s gains.

Key Gainers and Laggards

Among the major gainers on the Sensex were:

• Kotak Mahindra Bank
• Tata Motors
• Axis Bank
• Maruti Suzuki
• Infosys
• HCL Tech
• Tech Mahindra
• Bajaj Finance

On the flip side, the laggards included:

• Bharti Airtel
• Eternal
• ICICI Bank
• Adani Ports
• Tata Steel

How is the Global Market Influencing Today?

Asian markets were trading in positive territory with Kospi, Nikkei 225, SSE Composite, and Hang Seng all in the green. U.S. markets also closed sharply higher on Friday, adding further momentum to the rally.

Are FIIs Fueling the Market Rally?

Foreign Institutional Investors (FIIs) continued to support the market, buying equities worth ₹1,009.71 crore on Friday, as per exchange data.

How Is Crude Oil Trading Today?

Brent crude, the global oil benchmark, edged down 0.11% to USD 66.40 per barrel, offering some relief on the inflation front.

What’s the Friday Close Summary?

On Friday, the Sensex had rallied 746.95 points (0.92%) to close at 82,188.99, while the Nifty jumped 252.15 points (1.02%) to reclaim the 25,000 mark, ending at 25,003.05.

The rally is being attributed mainly to the RBI’s aggressive stance on monetary easing, which has sparked optimism around economic recovery and lower borrowing costs. As investors cheer the central bank’s decisive move, all eyes will now turn to upcoming earnings reports for further direction.

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