Mumbai — On Monday, the Indian equity markets experienced a significant rebound, with the NSE Nifty setting a new all-time high. The BSE Sensex rose by 180.92 points to close at 83,071.86, while the NSE Nifty climbed 89.2 points to reach a record peak of 25,445.70. This upward momentum was driven by robust foreign fund inflows and positive performances in US markets.
The rally in Indian equity benchmarks started with a strong opening, as the BSE Sensex advanced by 180.92 points to 83,071.86. The NSE Nifty also showed notable gains, initially rising by 55.1 points to 25,411.60 before further climbing to its new high of 25,445.70.
Key contributors to the Sensex’s rise included NTPC, Axis Bank, Tata Steel, JSW Steel, Kotak Mahindra Bank, Bajaj Finserv, Larsen & Toubro, and Bajaj Finance, all of which saw significant gains. Conversely, Hindustan Unilever, Nestle, ICICI Bank, and Tata Consultancy Services lagged behind.
In contrast, Asian markets such as Shanghai and Hong Kong saw declines. On the other hand, the US markets ended positively on Friday, fueling optimism in global equity markets. According to exchange data, Foreign Institutional Investors (FIIs) purchased equities worth ₹2,364.82 crore, while Domestic Institutional Investors (DIIs) acquired shares worth ₹2,532.18 crore.
The global oil benchmark Brent crude saw a slight increase of 0.07% to $71.66 per barrel. Looking ahead, V.K. Vijayakumar, Chief Investment Strategist at Geojit Financial Services, noted that the global focus will shift to the Federal Reserve’s upcoming rate decision on Wednesday, which could impact market trends.
Last Friday, the Sensex had fallen by 71.77 points, or 0.09%, to settle at 82,890.94, while the NSE Nifty dropped 32.40 points, or 0.13%, to 25,356.50. Today’s rally has provided a much-needed boost, reflecting investor confidence and positive market sentiment.
