Stock Market Today: Strong Start to the Week, Sensex Surges 547 Points, Nifty Crosses 22,500
The Indian stock market began the new week on a strong note, driven by positive global cues and bullish trends in international markets. The Sensex, which opened with a marginal gain of just 2 points, surged 547 points to reach 74,376.35. Meanwhile, Nifty50 climbed to 22,577 during the morning session. Among the Sensex stocks, 19 gained up to 3%, while 11 declined by up to 1.28%.
At 10:33 AM, the Sensex was trading 296.36 points higher at 74,125.27, while Nifty was up 81 points, trading at 22,478.20. The market is reacting positively to the rollback of Trump’s tariff policies and some relief in geopolitical tensions, such as the Europe-Ukraine conflict. Additionally, lower inflation in the U.S. and India has raised expectations of interest rate cuts, providing further support to the market.
On Friday, after a sharp decline due to recession concerns, the Dow Jones rebounded 674.63 points, while Nasdaq also saw gains. Asian markets are trading in the green zone, following reports of increased retail sales in China.
Sectoral and Stock-Specific Trends
At BSE, out of 3,901 traded stocks, 2,033 were advancing, while 1,647 were declining. However, no significant sector-wide recovery has been observed.
- 238 stocks hit their 52-week low, while 230 stocks hit the lower circuit.
- 67 stocks reached their 52-week high, and 165 stocks hit the upper circuit.
- IT, PSU, and energy stocks were trading lower.
IndusInd Bank Rebounds After RBI Statement
Following RBI’s clarification that IndusInd Bank’s financial position remains strong, its stock recovered by over 3% today. Previously, concerns over irregularities in its derivatives portfolio had caused the stock to drop 26% in four days.
