26 May,2025 11:41 AM IST | Mumabai | mid-day online correspondent
Sensex rose by 537 points or 0.66 percent to reach 82,270, while the Nifty climbed by 154 points. Representation Pic.
Indian stock markets opened on a positive note on Monday, with markets in the green as major indices Nifty and Sensex started the trading day. The Sensex rose by 537 points or 0.66 percent to reach 82,270, while the Nifty climbed by 154 points or 0.62 percent to touch 24,999, reflecting strong investor sentiment. Top early performers included Powergrid, Mahindra & Mahindra, Tata Motors, and NTPC. Banking stocks also saw a rise, with the Nifty Bank Index opening at 55,790, up more than 0.7 percent.
In the Sensex, Power Grid, NTPC, M&M, UltraTech Cement, ICICI Bank, and Tata Motors led the early gains.
This follows a roughly a percent increase in the Nifty on Friday, helping to ease recent market jitters.
Among sectoral indices, Nifty Metals topped the charts, followed by gains in Pharma, Banking, and Auto sectors, each rising 0.7 percent. The IT and FMCG sectors also posted gains of 0.6 percent, reported ANI.
Asian markets opened with mild optimism on Monday, buoyed by some consolidation. European and US equity futures also opened higher after US President Donald Trump postponed a planned 50 percent tariff on the EU to July 9, offering temporary relief.
Market analyst Ajay Bagga commented that the delay in US tariffs is a welcomed breather for global markets, describing it as "one more market panic followed by a quick rollback." He also noted that trade negotiations involving the US, EU, Japan, India, Vietnam, and South Korea will likely dominate headlines in the coming weeks, with a uniform 10 percent tariff being a possible outcome.
US markets will remain closed on Monday for Memorial Day, delaying any immediate market reaction on that front.
VK Vijayakumar, Chief Investment Strategist at Geojit Financial Services, noted that the recent news of India becoming the world's fourth-largest economy would give a short-term confidence boost to investors.
He also highlighted that the Reserve Bank of India's record dividend of Rs 2.69 lakh crore to the government will help lower the fiscal deficit for FY26 to the targeted 4.4 percent. This fiscal cushion is expected to maintain low inflation and support a continued downtrend in interest rates, both favorable for equities.
With over 200 companies set to release their quarterly earnings this week, market focus is expected to shift toward midcap stocks and specific sectors.
