Sensex Surges Over 500 Points as Market Turns Green on Monday

New Delhi: After several days of decline, the Indian stock market opened on a strong note on Monday, with both the Sensex and Nifty 50 posting significant gains. Sensex jumped over 500 points, while Nifty rose more than 150 points, reflecting renewed investor optimism.

Strong Market Opening
The market opened with Sensex up over 200 points and Nifty up more than 100 points. Within minutes, the rally intensified, with Sensex crossing the 500-point mark. At 9:40 AM, Sensex was trading at 85,385.13, up 455.77 points, while Nifty 50 stood at 26,118.65, up 152.25 points. The surge was fueled by inflows from foreign investors and expectations of lower interest rates next year, boosting investor confidence.

Top Gainers and Sector Performance
Among Nifty’s heavyweight stocks, Hindalco, Tech Mahindra, and TCS led the gains. In contrast, Asian Paints, Bajaj Finance, Max Healthcare, and Cipla witnessed declines. All sectoral indices on NSE were in the green, with the metal sector up 1.48%, IT sector 1.23%, and media sector 0.77%.

Outlook: Could the Rally Continue?
Market experts believe the rally may continue till year-end. Strengthening of the rupee and continued buying by Foreign Institutional Investors (FIIs) could further boost the market. Short-covering by investors who had previously sold shares may push key indices even higher. Analysts note that India’s robust domestic economy and potential growth in corporate earnings provide additional support to the stock market.

Global Market Trends
Friday saw strong gains in U.S. markets, with Nasdaq up 1.31%, S&P 500 up 0.88%, and Dow Jones up 0.38%. In the Asia-Pacific region, markets also showed positive momentum after China’s central bank kept the loan prime rates (LPR) unchanged. The Shanghai Composite rose 0.64%, Shenzhen index fell 1.36%, Nikkei in Japan gained 1.75%, Hang Seng in Hong Kong rose 0.29%, and South Korea’s KOSPI jumped 1.72%.