Sensex opens 382 points higher, Nifty above 25,100; Axis Bank gains over 1%
Benchmark stock market indices opened higher on Monday, starting the week on a strong note, continuing the recent upward trend. IT and auto sector stocks rallied in early trade.The S&P BSE Sensex added 335.02 points to 82,524.01, while the NSE Nifty50 added 114.85 points to 25,117.90 as of 9:28 am.Dr. VK Vijayakumar, Chief Investment Strategist, Geojit Investments Limited, said that the monetary bazooka fired by the RBI on Friday will keep the market spirits alive in the near-term.advertisement
"But this is not sufficient to sustain the rally triggered on Friday. More important is the trend in earnings growth. Q4 results indicate better earnings growth for midcaps. But large and small caps continue to struggle," he added.Kotak Mahindra Bank led the charge on Sensex, surging 2.49%, followed by Bajaj Finance which jumped 1.26%. Axis Bank also opened strongly, climbing 1.26%, while Infosys rose 1.08%. Tata Motors rounded out the top five gainers with an increase of 1.05%.However, some stocks faced selling pressure as trading commenced. Bharti Airtel was the worst performer in early trade, declining 0.91%, while ICICI Bank retreated 0.54%.Adani Ports and Special Economic Zone also opened lower, falling 0.29%, and Asian Paints dropped 0.26%. Nestle India completed the list of top five losers with a decline of 0.19%.advertisementThe sectoral indices on NSE opened with broad-based gains in early trade. Nifty Midcap 100 rose 0.77% and Nifty Smallcap gained 0.85%. The India VIX jumped 2.40%, showing increased volatility as trading began.All sectors opened in positive territory, showing strong market sentiment. Nifty PSU Bank was the top performer, climbing 1.19%, followed by Nifty IT gaining 1.09% and Nifty Smallcap 100 at 0.85%.Other gainers included Nifty Media rising 0.79%, Nifty Private Bank advancing 0.75%, Nifty Auto up 0.61%, Nifty Financial Services gaining 0.50%, Nifty Consumer Durables rising 0.37%, Nifty Metal advancing 0.31%, Nifty Oil & Gas up 0.26%, Nifty Healthcare gaining 0.25%, Nifty Pharma rising 0.21% and Nifty FMCG up 0.10%.Only one sector opened lower. Nifty Realty declined 0.08%."FY 26 earnings are unlikely to reach mid teens, which is necessary for the market to remain resilient and move up. Market needs signs of revenue and earnings acceleration to move up. In the absence of such indicators the present Nifty range is likely to move up marginally to 24500 -25500," said Vijayakumar.(Disclaimer: The views, opinions, recommendations, and suggestions expressed by experts/brokerages in this article are their own and do not reflect the views of the India Today Group. It is advisable to consult a qualified broker or financial advisor before making any actual investment or trading choices.)Must Watch
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Economic Times
23 minutes ago
- Economic Times
Breathe. Hold. Invest: What Yoga teaches us about wealth creation
Live Events (You can now subscribe to our (You can now subscribe to our ETMarkets WhatsApp channel Investing isn't a destination, it's a lifelong journey that evolves with you, growing alongside you with each passing a world driven by instant gratification and volatile markets, both yoga and investing require something increasingly rare: discipline, patience, and mindfulness. By aligning the philosophy of yoga with financial habits, investors can create a more balanced relationship with their equity investors look for quick results. They micro analyse each day's market fluctuation, try to rethink each decision they made, second guess not only their own research but also the advises they have acted on from seasoned professionals. But when you look back at this moment 20 or 30 years from now, these fluctuations will feel like nothing more than a small blip in decades ago, the Sensex was around 5,000 points. Despite several ups and downs like the Global Financial Crises where Sensex declined by more than 30% in less a 6 months period; a sharp fall of about 27% at the onset of the COVID-19 pandemic; and numerous periods of sideways movement, Sensex has yet again crossed the 81,000 mark. This is a 16.2x times gain in the 20 years period. This long-term growth underscores a vital lesson - patience and persistence are often the most rewarding strategies in not only Yoga but also in every bout of volatility which could be triggered by events completely out of anyone's control, investors often feel depressed looking at the temporary losses in their portfolio values. Many even act impulsively and sell some of their investments. But most successful investors aren't chasing quick wins or reacting to every market shift. They think long-term, stay calm during volatility, and many times take advantage of the market nervousness to find some compelling ideas. The power of compounding is infact like yoga - it has the power to transform your life in ways that one would have never imagined. Ask someone who has spent years meditating in a disciplined fashion, the transformation that he/she has undergone. Somebody who has never meditated cannot even imagine the inner peace that someone with that experience has achieved. Just as no one masters a headstand on the first try or fully experiences the benefits of kapalbhati or pranayama within a few weeks, it's the steady ongoing practice that brings real session of Yoga begins with one fundamental instruction: focus on your breath. It's a call to anchor yourself in the present moment and not on what just happened or what's coming next. The same lesson applies to investing. People need to see beyond just returns if they want to create true wealth and that is possible only when you focus on the investment process and not on the investment investing, one has to understand that despite all the research, analysis, and planning, there will always be elements of risk. You might pick the right fund, but the market may still dip leading to a broader level fall in your portfolio. You might invest at the perfect time, but returns could take years to compound. That's not failure, but a reality. A very important philosophy that applies here is 'aparigraha' or non-attachment. By embracing non-attachment, investors can avoid the stress of trying to control every outcome. It's about being consistent, making thoughtful decisions, and then allowing the process to unfold. This is much like holding a yoga pose with presence and ease, rather than striving for has been recognised globally to discover the essence of life. By focusing on the present, dealing day to day with equanimity, maintaining discipline to lead a balanced life and using meditation and exercises for both the mind and body, millions of people have achieved happiness. By incorporating some of these principles in our investment processes, we can have similar outcomes for our wealth as well.: Recommendations, suggestions, views, and opinions given by experts are their own. These do not represent the views of the Economic Times)
Economic Times
an hour ago
- Economic Times
Vanguard Group buys 1.1% stake in Vishal Mega Mart for Rs 655 crore
(What's moving Sensex and Nifty Track latest market news, stock tips, Budget 2025, Share Market on Budget 2025 and expert advice, on ETMarkets. Also, is now on Telegram. For fastest news alerts on financial markets, investment strategies and stocks alerts, subscribe to our Telegram feeds .) Subscribe to ET Prime and read the Economic Times ePaper Sensex Today. Top Trending Stocks: SBI Share Price, Axis Bank Share Price, HDFC Bank Share Price, Infosys Share Price, Wipro Share Price, NTPC Share Price
Time of India
an hour ago
- Time of India
US President Donald Trump's step back on Iran pacifies nervous market
India's equity indices rebounded 1.3% on Friday, recouping losses made in the last three sessions on a relief rally sparked by US President Donald Trump putting on hold a plan that may have led to American involvement in the Israel-Iran conflict. The rebound helped the Sensex and Nifty erase all recent losses and notch up gains for the week. The Nifty closed above a key level at 25,112, up 1.3% or 319 points over Thursday's close. The BSE Sensex closed at 82,408, up 1.3% or 1,046 points. Both indices, which fell about 0.6% over the past three trading sessions, gained 1.6% for the week. "In the past two to three days, there hasn't been any significant escalation in the Iran-Israel conflict that could choke global trade," said Siddarth Bhamre, head of institutional research at Asit C Mehta Intermediates . "Receding concerns prompted some buying interest in the markets." Elsewhere in Asia, South Korea gained 1.5% while Hong Kong and Taiwan rose 1.3% and 0.2%, respectively. Japan ended 0.2% lower after the country's core inflation hit a two-year high, boosting the chance of interest rate increases. China declined 0.1%. Trump said he will decide on US participation in the Iran-Israel conflict in two weeks. VIX Down 4% This was seen as the US President taking a step back from recent remarks that indicated the US was likely to take military action against Iran. It came as a relief to markets that were nervous about the likelihood of a wider conflict. Back home, the Volatility Index (VIX)-the market's fear gauge-fell 4.1% to 13.67 on Friday, indicating traders expect lower risks in the near term. All sectoral indices closed higher on Friday. The Nifty Realty gained 2.1%, and the PSU Bank Index rose 1.6%. The Bank Nifty moved 1.2% higher while private bank, auto and metal indices advanced over 1% each. "Given that the benchmark was closing lower in the past three sessions and the fall in the broader market yesterday, a rebound was likely, which pushed the market higher," said Vikas Jain, head of research at Reliance Securities . The benchmark Nifty is holding at the support level of 24,700 and is expected to test 25,200 in the next few weeks. The Nifty Mid-cap 150 and the Small-cap 250 indices rose 1.3% and 0.6%, respectively. In the past week, the mid-cap index shed 0.7% while the small-cap index fell 1.7%. Of the 4,094 shares traded on the BSE, 2,463 advanced, while 1,484 declined. Foreign portfolio investors (FPIs) bought shares worth a net Rs 7,941 crore on Friday. This included purchases by global passive funds on account of FTSE rebalancing and a Sensex rejig. Their domestic counterparts sold shares worth Rs 3,050 crore. In June, overseas investors bought shares worth Rs 7,060 crore. "The markets have not delivered any meaningful gains so far this year, so index-based returns are expected to be sluggish. However, it is seen to be a stock-pickers market ," said Bhamre of Asit C Mehta. "Investors should be wary of buying, and not chase stock at any value." Bhamre said timewise consolidations are expected to continue, with bouts of buying and selling activity and Nifty is facing a hurdle at 25,100-25,200 levels. Even if it crosses this threshold, a big surge is not likely as gains might come off amid ongoing geopolitical tensions.
