The Indian stock market opened higher on Monday, buoyed by renewed confidence among investors following the NDA’s decisive win in the Bihar Elections 2025.
Both benchmark indices — the Sensex and the Nifty — moved upward in early trade, signalling resilience in market sentiment.
The Sensex opened at 84,759, rising 196 points or 0.23 per cent, while the Nifty advanced to 25,963, gaining 53 points or 0.21 per cent.
Analysts attributed the upbeat start to improving market confidence and positive movements in select heavyweight stocks.
Technical Outlook: Bullish Signals Emerge
Market experts noted that the Nifty has shown a firm recovery on the weekly chart after rebounding from key support zones.
Closing above 25,900, the index now reflects a sideways-to-bullish bias.
Immediate support is pegged at 25,800 and 25,700, presenting buying opportunities during dips.
Resistance levels remain at 26,000 and 26,100 — with the latter seen as a crucial breakout point.
A sustained rise above 26,100 could potentially drive the index towards the 26,250–26,400 range in the coming weeks.
Top Performers and Laggards
Among early gainers on the Sensex were Kotak Bank, L&T, Titan, M&M, SBI, Tech Mahindra, and ITC, each rising up to 1 per cent.
However, Tata Motors PV emerged as the biggest loser, slipping 6 per cent. Other major laggards included Eternal, Ultratech Cement, TCS, Power Grid, and Infosys.
The broader market also reflected positive sentiment, with the Nifty MidCap index climbing 0.45 per cent and the Nifty SmallCap index gaining 0.48 per cent.
In sectoral performance, the Bank Nifty touched a fresh lifetime high of 58,830 after rising 0.5 per cent.
The Nifty PSU Bank index surged 1.2 per cent, while the Nifty Private Bank and FMCG indices gained 0.5 per cent each. The Nifty Financial Services index also edged up by 0.4 per cent.
Analysts observed that banking stocks continue to provide strong support to the market’s upward movement.
Market watchers highlighted that Q2 earnings have shown an encouraging trend so far. Net profits have risen by 10.8 per cent, marking the strongest growth in six quarters and outperforming earlier estimates.
Analysts added that current consumption patterns indicate further improvements in earnings performance in Q3.
With the combination of political stability, robust sectoral performance, and healthy earnings, the Indian stock market has opened the week on a firm and optimistic note.
Also Read: Eight Of India’s Top Firms Log Major Gains As Markets Rebound
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