Sensex Soars 480 Points, Nifty Above 25,700
The Indian stock market experienced a notable surge on Monday, with the BSE Sensex climbing by 480 points to close at 83,294.66 and the NSE Nifty 50 rising by 141.75 points to end above 25,700. This positive movement was largely attributed to a favorable ruling from the US Supreme Court, which struck down President Trump's tariff policies, thereby enhancing global market sentiment.
The market opened on a strong note, with Sensex starting 92.12 points higher at 82,906.83 and Nifty gaining 107.15 points to open at 25,678.40. Strong buying activity was seen across various sectors, particularly in PSU banks and auto stocks, which contributed significantly to the rally. The Bank Nifty also showed strength, crossing the 61,200 mark.
Broader market indices, such as the Nifty Smallcap 100 and Nifty Midcap 100, also traded positively, supporting the overall upward trend. However, the IT sector struggled, facing downward pressure due to ongoing concerns regarding artificial intelligence disruptions. Major IT stocks, including Wipro and Infosys, recorded losses.
In commodities, gold and silver prices surged on the Multi Commodity Exchange of India (MCX), with gold prices rising to ₹1,58,458 per 10 grams and silver to ₹2,63,061 per kilogram. This rally in bullion was influenced by the weakening dollar and the uncertainty surrounding US tariffs.
Despite the positive market momentum, investors remain cautious due to geopolitical tensions, particularly between the US and Iran, which could impact market stability. Analysts are closely monitoring these developments to gauge their potential effects on investor sentiment and market dynamics.
As trading progressed, the Nifty 50 finished at 25,713, marking a 0.55% increase, while the Sensex closed up by 0.57%. The day's trading saw significant action, with major stocks like Adani Ports and Kotak Mahindra Bank emerging as top gainers, while IDFC First Bank faced challenges following reports of a fraud incident at one of its branches.
In summary, the Indian stock market showcased resilience and growth on Monday, reflecting a positive response to global cues, even as underlying uncertainties continue to loom.
