In Asian markets, China, Hong Kong and Seoul were trading in the green, while Japan was trading in the red.
भारत-पाक तनाव कम होने से शेयर बाजार में शानदार तेजी, सेंसेक्स में 2000 अंक से ज्यादा की उछला, निफ्टी भी ऊपर
Indian stock markets opened on a strong note on Monday with the Sensex jumping over 1,900 points in morning trade. The rally was driven by easing of Indo-Pak tensions as well as a significant demonstration of the country’s military and strategic capability under ‘Operation Sindoor’. Buying was seen in PSU banks, IT and auto sectors in early trade.
The Sensex was trading 2,163 points or 2.72 per cent higher at 81,398.42, while the Nifty was up 598.8 points or 2.49 per cent at 24,606.85.
The Nifty Bank was up 1,395.95 points or 2.60 per cent at 54,991.20. The Nifty Midcap 100 index was trading 1,456.20 points or 2.74 per cent higher at 54,679.55. The Nifty Smallcap 100 index was up 498.95 points, or 3.10 per cent, at 16,584.60.
According to analysts, India’s markets and economy have shown a spectacular uptrend, seen as a major breakthrough in moving beyond persistent external turmoil and geopolitical tensions. This strength comes from a stable, domestically oriented economy that helps insulate it from global troubles, showing that every crisis eventually ends.
Devarsh Vakil, Head of Prime Research at HDFC Securities, said, “India’s efforts to negotiate a trade deal will strengthen global trade relations and help it sell more around the world, bringing in stable foreign funds and making it more competitive. With balanced global relations and strong partnerships, it makes for a relatively stable investment destination.”
Experts said the key indices ended marginally mixed last week. The announcement of a trade deal between the US and the UK and reports of US and Chinese officials meeting in Switzerland for trade discussions later in the week paved the way for big and important talks and reduction in tariffs, which boosted investor sentiment.
Meanwhile, Adani Ports, Bajaj Finance, Axis Bank, Eternal, Power Grid, NTPC, Bajaj Finserv, Tata Steel, L&T, SBI were the top gainers in the Sensex pack. Whereas, only Sun Pharma was the top loser.
In Asian markets, China, Hong Kong and Seoul were trading in the green, while Japan was trading in the red.
In the last trading session on Friday, the Dow Jones closed 0.29 per cent lower at 41,249.38 in the US markets. The S&P 500 index closed 0.07 per cent lower at 5,659.91 and the Nasdaq at 17,928.92.
Foreign institutional investors (FIIs) turned net sellers on May 9 after being net buyers for 16 consecutive sessions. They sold shares worth Rs 3,798.71 crore. In contrast, domestic institutional investors (DIIs) remained net buyers, investing Rs 7,277.74 crore on the same day.
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