NSE Nifty Opens 0.63% Higher, Extending Bullish Momentum

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India’s benchmark NSE Nifty 50 index opened 0.63% higher on Monday, reflecting continued bullish sentiment in the domestic equity market amid supportive global cues and optimism following recent monetary policy actions.

Key Highlights:

The Nifty 50 was trading at 25,160.10 in pre-open, up 0.63%, while the BSE Sensex also saw a positive start, up 0.47% at 82,573.46.

The upbeat opening follows a strong close last week, where both Nifty and Sensex posted gains after the Reserve Bank of India’s surprise rate cut and liquidity-boosting measures, which have improved market sentiment.

Global factors contributed to the positive tone, with Asian markets mostly higher and Wall Street rallying after robust U.S. jobs data eased recession concerns.

Investors are closely monitoring the resumption of U.S.-China trade talks and upcoming inflation data from both India and the U.S., which could impact future central bank policy decisions.

Foreign portfolio investors continued their buying streak in Indian equities, further supporting the market’s upward momentum.

Key sectors in focus include automobiles, metals, and financials, with stocks like M&M, Hyundai, and Hindustan Zinc drawing particular attention in early trade.

The 10-year Indian government bond yield opened flat at 6.30%, indicating stable sentiment in the debt market.

The rupee opened slightly weaker against the U.S. dollar, but this had limited impact on equity market enthusiasm.

The positive open for Nifty signals sustained investor confidence, underpinned by strong domestic fundamentals and favorable global developments.

Source: NDTV Profit, Angel One, The Hindu BusinessLine