Indian Stocks Up Early: HDFC Bank, Infosys Lead Blue-Chip Rally!
Indian Stocks Up Early: HDFC Bank, Infosys Lead Blue-Chip Rally!
Indian benchmark indices Sensex & Nifty see early gains, led by HDFC Bank & Infosys! Global cues mixed, but blue-chips surge. What's driving the market today? Dive in!
Indian stock markets kicked off Monday with a bullish sentiment, as benchmark equity indices Sensex and Nifty recorded early gains. The positive momentum was largely fueled by strong buying interest in blue-chip heavyweights like HDFC Bank and Infosys, despite a backdrop of mixed global signals.
The 30-share BSE Sensex climbed a solid 202.42 points, reaching 77,744.15 in early trading. Similarly, the 50-share NSE Nifty advanced by 55.35 points, touching 24,309. This early surge provided a much-needed boost after a relatively flat close on Friday, where the Sensex ended almost unchanged at 77,540.83 and the Nifty saw a modest increase of 20.15 points.
Leading the charge among the Sensex firms were prominent names such as Infosys, HCL Tech, Tata Steel, Tech Mahindra, Tata Consultancy Services, and HDFC Bank.
However, not all stocks participated in the rally, with Asian Paints, Titan, Power Grid, and Bharat Electronics lagging behind.
Despite the domestic uplift, the broader market remains sensitive to external factors. Persistent geopolitical tensions, particularly in West Asia, and elevated crude oil prices continue to temper overall risk appetite. Brent crude, the global oil benchmark, was trading 1.32% lower at $93.14 per barrel, reflecting the ongoing volatility.
Ponmudi R, CEO of Enrich Money, an online trading and wealth-tech firm, highlighted these concerns, stating, "
West Asia tensions continue to shape the broader market mood. Iran has warned of retaliation against countries participating in the US 'economic war', reinforcing concerns that the confrontation could deepen rather than ease in the near term.
" He added that for Indian investors, the prolonged U.S.-Iran standoff and its implications for energy prices remain a key source of uncertainty.
Globally, Asian markets presented a mixed picture. South Korea's Kospi, Japan's Nikkei 225, Shanghai's SSE Composite index, and Hong Kong's Hang Seng index were all trading lower in early deals. In contrast, U.S. markets had closed higher on Friday.
Adding to the complex scenario, Foreign Institutional Investors (FIIs) were net sellers on Friday, offloading equities worth ₹542.71 crore, as per exchange data.
