Indian benchmark equity indices, Sensex and Nifty, saw an uptick in early Monday trade, primarily driven by strong buying interest in blue-chip stocks such as HDFC Bank and Infosys, even as global geopolitical tensions and elevated crude oil prices persist.
Key Points
- Benchmark equity indices Sensex and Nifty recorded gains in early Monday trade, propelled by significant buying in blue-chip stocks.
- Major contributors to the rise included HDFC Bank, Infosys, HCL Tech, Tata Steel, Tech Mahindra, and Tata Consultancy Services.
- Despite positive global cues, geopolitical tensions in the Middle East and high crude oil prices continue to temper risk appetite among investors.
- Foreign Institutional Investors (FIIs) were net sellers on Friday, offloading equities worth Rs 542.71 crore.
Sensex and Nifty50 Performance: Key Market Highlights Today
Benchmark equity indices Sensex and Nifty were trading higher in early trade on Monday, driven by buying in blue-chip stocks HDFC Bank and Infosys amid positive global cues.
However, persistent geopolitical tensions and elevated crude oil prices continue to hamper risk appetite, an expert said.
The 30-share BSE Sensex climbed 202.42 points to 77,744.15 in early trade.
The 50-share NSE Nifty was up 55.35 points to 24,309.
Winners and Losers on Dalal Street
Among the 30 Sensex firms, Infosys, HCL Tech, Tata Steel, Tech Mahindra, Tata Consultancy Services and HDFC Bank were among the major winners.
Asian Paints, Titan, Power Grid and Bharat Electronics were among the laggards.
What Experts Say
Brent crude, the global oil benchmark, traded 1.32 per cent lower at $93.14 per barrel.
"Middle East tensions continue to shape the broader market mood. Iran has warned of retaliation against countries participating in the US 'economic war', reinforcing concerns that the confrontation could deepen rather than ease in the near term.
"For Indian investors, the prolonged US-Iran standoff and its implications for energy prices remain a key source of uncertainty," Ponmudi R, CEO of Enrich Money, an online trading and wealth-tech firm, said.
In Asian markets, South Korea's Kospi, Japan's Nikkei 225, Shanghai's SSE Composite index and Hong Kong's Hang Seng index were trading lower.
US markets ended higher on Friday.
FII Activity and Previous Session
Foreign Institutional Investors (FIIs) offloaded equities worth Rs 542.71 crore on Friday, according to exchange data.
