Indian Markets Open Steady Amid Global Optimism
The Indian stock market opened flat on Monday, supported by positive global cues and selective buying in PSU bank and IT stocks. At 9:27 am, the BSE Sensex was up 1.35 points at 84,057.55, while the NSE Nifty gained 6.50 points to 25,644.30.
Analysts cited easing geopolitical tensions in West Asia, a dip in Brent crude to $67/barrel, and signs of improving trade relations between the US, China, and India as key drivers.
Large-cap stocks like HDFC Bank, ICICI Bank, Reliance, and L&T led the recent rally due to institutional buying. The Nifty Bank rose to 57,459.05, while midcap and smallcap indices also advanced.
Top gainers included SBI, L&T, Axis Bank and Hindustan Unilever, while M&M, Kotak Bank, and Airtel lagged.
Foreign investors remained net buyers with Rs 1,397 crore inflow, while domestic investors booked profits. Asian markets mostly traded higher, and US indices closed strong overnight, supporting sentiment.
