Mumbai, 24 November (Udaipur Kiran)। The Indian benchmark indices opened on a positive note on Monday, with early trade witnessing buying interest in Nifty IT, PSU Bank and Financial Services stocks.
Around 9:27 am, the Sensex was up 133.13 points (0.16%) at 85,365.05, while the Nifty gained 44.10 points (0.17%) to trade at 26,112.25.
The Nifty Bank also advanced, rising 140.25 points (0.24%) to 59,007.75. The Nifty Midcap 100 climbed 80.25 points (0.13%) to 60,356.55, and the Nifty Smallcap 100 added 23.10 points (0.13%) to trade at 17,870.60.
Market experts said that although Nifty and Sensex had earlier struggled to break their September 2024 highs due to FII selling, conditions are now gradually turning favourable for a fresh rally. They added that a strong earnings growth—expected to be over 15% in FY27—will be the key catalyst.
In the Sensex pack, Infosys, HCL Tech, Tech Mahindra, Maruti Suzuki, TCS and HDFC Bank were among the top gainers. On the other hand, Eternal, M&M, PowerGrid, BEL, TMPV and UltraTech Cement featured among the top losers.
Across Asian markets, Bangkok, Seoul, Jakarta and Hong Kong traded in the green, while Japan and China were in the red.
On the global front, US markets closed higher on Friday. The Dow Jones rose 1.08% (493.15 points) to 46,245.41, the S&P 500 gained 0.98% (64.23 points) to 6,602.99, and the Nasdaq climbed 0.88% (195.03 points) to 22,273.08.
As per 21 November data, Foreign Institutional Investors (FIIs) were net sellers, offloading ₹1,766.05 crore worth of Indian equities, while Domestic Institutional Investors (DIIs) were net buyers, purchasing shares worth ₹3,161.61 crore.
Bhupendra Singh Chundawat is a seasoned technology journalist with over 22 years of experience in the media industry. He specializes in covering the global technology landscape, with a deep focus on manufacturing trends and the geopolitical impact on tech companies. Currently serving as the Editor at Udaipur Kiran, his insights are shaped by decades of hands-on reporting and editorial leadership in the fast-evolving world of technology.
