Sensex, Nifty Open Higher Amid Positive Global Cues; Banking Stocks Lead Gains

Indian equity benchmarks opened higher on Monday, tracking positive global cues and gains in banking and financial stocks.

The BSE Sensex gained 327.89 points, or 0.4 per cent, to open at 81,327.29, while the NSE Nifty rose 90 points, or 0.36 per cent, to 25,076.40.

Among sectoral indices, Nifty Financial Services 25/50 led the gains, rising 0.57 per cent, followed by Nifty PSU Bank, which advanced 0.47 per cent. Nifty Private Bank gained 0.37 per cent, while Healthcare and Metal rose 0.35 per cent and 0.33 per cent, respectively.

However, Nifty IT declined 0.47 per cent, while Nifty MidSmall IT and Telecom fell 0.39 per cent.

Market experts attributed the improved sentiment to last week’s strong rally, supported by aggressive foreign institutional investor (FII) buying, attractive valuations, easing crude oil prices, lower US bond yields and improving corporate earnings in the second quarter.

They also cited concerns over slowing artificial intelligence (AI) spending and corrections in AI-related stocks as factors influencing global market movements.

Experts expect foreign investor buying to continue, potentially supporting further gains in large-cap stocks.

The Nifty had surged 8.6 per cent last week amid sustained FII inflows and favourable global cues.

Meanwhile, US markets ended higher in the previous session, with the Nasdaq rising 1.09 per cent and the S&P 500 gaining 0.31 per cent.

US futures and Asian markets also traded higher on Monday after a volatile week driven by concerns over chip demand.

Crude oil prices opened lower after US President Donald Trump indicated that further strikes on Iran were unlikely as peace talks progressed.

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