Post by : Bianca
Haleem
Indian benchmark equity indices Sensex and Nifty rebounded strongly on Monday, supported by a decline in crude oil prices, positive global market trends, fresh foreign institutional investor (FII) inflows, and buying interest in index heavyweight Reliance Industries.
At around 11:00 AM, the BSE Sensex was trading 503.45 points higher, up 0.66 percent, at 77,306.35. The NSE Nifty also gained 151.95 points, or 0.63 percent, to reach 24,165.05.
Market sentiment remained positive throughout the session as investors reacted to easing crude oil prices and encouraging cues from international markets. Fresh foreign fund inflows further strengthened confidence among traders and investors.
Read More: Sensex Rises 450 Points from Day’s Low, Nifty Crosses 24,100 as Crude Prices Ease
Among the sectoral indices, most major Nifty sectors traded in positive territory. Banking, financial services, information technology, metal, auto, pharma and energy stocks witnessed buying interest. However, FMCG and consumer durables sectors remained under pressure and traded in the red.
Broader markets also reflected the positive trend, with the Nifty Smallcap 100 and Nifty Midcap indices posting gains, indicating wider participation across market segments.
Reliance Industries emerged as one of the key contributors to the market rally, helping benchmark indices recover and maintain gains during the trading session.
Analysts believe that lower crude oil prices, improving global sentiment and continued foreign investments are supporting the upward momentum in Indian equities. Investors will continue to monitor global developments, crude oil movements and foreign fund activity for further market direction.
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