Indian equity indices opened Monday’s trading session on a higher note. The NSE Nifty 50 opened 60 points or 0.23% higher at 26,103. The BSE Sensex opened 180 or 0.21% higher at 85,221.
The Bank Nifty opened 8 points or 0.01% higher at 59,019. Similarly, the small and mid-cap stocks opened in the green. The Nifty Midcap opened 77 points or 0.13% higher at 60,391.
“The standout feature of 2025 has been India’s stark underperformance compared to most developed and emerging markets. This underperformance is set to change in 2026, supported by solid fundamentals: India’s macros are in a Goldilocks setting with robust economic growth and a stable financial construct. The more important factor from the market perspective-earnings growth- is set to recover from Q3 FY26 onwards,” said VK Vijayakumar, Chief Investment Strategist at Geojit Investments.
Even though these are favourable factors, they are not sufficient to trigger a rally soon. A strong rebound in the market needs a trigger like a US-India trade deal with favourable terms for India. There is no clarity yet on when this will happen, said Vijayakumar.
“On weekly charts, it formed a Doji candlestick pattern, indicating indecisiveness between the bulls and the bears. We are of the view that the short-term market texture is weak, but a fresh sell-off is possible only after the dismissal of 26,000 or the 20-day SMA (Simple Moving Average),” said Shrikant Chouhan, Head of Equity Research at Kotak Securities.
“Below this, the market could retest the level of the 50-day SMA or 25,900. Further downside may continue, potentially dragging the index to 25,800. On the upside, a move above 26,200 could lead to a bounce back towards 26,250–26,350,” added Chouhan.
Let’s take a look at the key factors to watch out for today’s trading session
Early gainers and laggards
In early trade, among the Nifty 50, top gainers at this hour were Hindalco Industries, Tata Steel, Tata Motors Passenger Vehicles, BEL, and Infosys. On the flip side, the key laggards in the Nifty 50 pack included Adani Ports, Bajaj Finserv, Reliance Industries, Axis Bank, and Max Healthcare Institute.
Major movers on Monday
The stocks that were the major movers in the opening trade included HDFC Bank, Infosys, Tata Steel, Hindalco Industries, and Kotak Mahindra Bank, which were the major movers in the morning trade.