Indian equity indices opened Monday’s trading session on a higher note. The NSE Nifty 50 opened 35 points or 0.14% higher at 24,930. The BSE Sensex opened 95 points or 0.12% higher at 81,301.
The Bank Nifty opened 303 points or 0.55% higher at 55,892. Similarly, the small and midcap stocks opened the day higher. The Nifty Midcap rose 180 points or 0.31% to open at 57,684.
“The positive sentiments triggered by the growth-stimulating monetary policy face headwinds from the continuing FII selling, but can be sustained by positive news on growth and corporate earnings for FY27. Growth is likely to remain strong, assisting in corporate earnings growth of above 15% in FY27. The market will be looking forward to a positive resolution of the U.S.-India trade tensions. A trade deal can turn out to be a trigger for a rally in the market. We will have to wait and watch for developments on this front,” said VK Vijayakumar, Chief Investment Strategist at Geojit Investments.
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 Max Healthcare, Apollo Hospitals, Axis Bank, Bajaj Finance, and Shriram Finance. On the flip side, the key laggards in the Nifty 50 pack included SBI Life Insurance, Tata Motors, Cipla, Mahindra & Mahindra, and Titan.
Major movers on Monday
The stocks that were the major movers in the opening trade included Bharti Airtel, Larsen & Toubro, Axis Bank, Power Grid Corp, and Kotak Mahindra Bank, which were the major movers in the morning trade.