India’s equity benchmarks opened in the green on Monday morning, demonstrating resilience amid rising geopolitical tensions in the Middle East.
The BSE Sensex gained 265.05 points to reach 81,396.52, while the NSE Nifty rose by 93.40 points to touch 24,812 at 9:21 AM.
The gains extended to broader indices as well.
The Nifty Midcap 100 advanced by 65.45 points to trade at 58,292.50, and the Smallcap 100 edged up by 17.15 points to 18,391.95, indicating positive sentiment among retail investors.
Global markets have been on edge due to the ongoing tensions between Israel and Iran.
However, analysts believe the current scenario, while tense, does not yet warrant panic.
“The equity markets are showing no sign of fear,” said VK Vijayakumar, Chief Investment Strategist at Geojit Financial Services. “Only a major escalation like the closure of the Strait of Hormuz by Iran could disrupt markets significantly, and that seems unlikely at present.”
Sectoral movers: IT & Pharma in lead
On the sectoral front, IT, financial services, pharma, FMCG, energy, infrastructure, and public sector enterprises posted gains in early trading.
Conversely, auto, PSU banks, and realty sectors witnessed mild selling pressure.
Top performers in the Sensex pack included Power Grid, UltraTech Cement, Larsen & Toubro, HCL Technologies, Asian Paints, Bharti Airtel, TCS, Infosys, NTPC, and Tech Mahindra.
On the other hand, Tata Motors, Axis Bank, Kotak Mahindra Bank, Sun Pharma, M&M, SBI, and Maruti Suzuki were among the laggards.
Given the current volatility, experts recommend a cautious trading strategy.
“Investors should adopt a defensive stance, use trailing stop-losses, and consider partial profit-booking during rallies,” advised Aakash Shah from Choice Broking.
Asian markets were mixed, with Tokyo, Shanghai, Seoul, and Jakarta in the green, while Bangkok and Hong Kong traded in the red.
The US markets closed lower on Friday, adding to global uncertainty.
From an institutional angle, foreign investors remained net sellers on June 13, offloading shares worth ₹1,263 crore.
Meanwhile, domestic institutional investors (DIIs) provided support, purchasing equities worth ₹3,041 crore, sustaining the market’s upward momentum.
Analysts expect steady retail participation and robust mutual fund inflows to keep valuations elevated.
They encourage long-term investors to use this phase of global caution to accumulate fundamentally strong and attractively valued stocks, especially in the financial sector.
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