Sensex and Nifty Open Higher After Longest Weekly Decline in 25 Years
DII buying worth Rs 10,041.84 crore and stronger Asian cues lifted market breadth, while FIIs stayed net sellers.
- On Monday, the BSE Sensex surged 431.25 points, or 0.60 per cent, to 72,340.95, while the Nifty added 110.45 points to open at 22,532.40.
- Domestic Institutional Investors bought equities worth Rs 10,041.84 crore, offsetting selling by Foreign Institutional Investors , who offloaded Rs 9,484.22 crore on Thursday.
- Market breadth remained positive with 2,043 stocks advancing against 1,041 declining on the NSE, as Infosys led Sensex gainers with a 1.92 per cent rise.
- Hitesh Tailor, Technical Research Analyst at Choice Broking Private Limited, said the opening offers "scope for a recovery," though the broader trend remains fragile due to persistent FII selling.
- Asian markets gained on Monday as investors trimmed bets on Federal Reserve policy tightening, while Snapdeal parent AceVector is among four IPOs listing today.
12 Articles
12 Articles
Sensex Jumps over 400 Points, Nifty Crosses 22,500 as Markets Snap 8-day Losing Streak
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After a long slump, the Indian stock market is experiencing a refreshing surge, with both Sensex and Nifty indices showcasing notable increases. The recent leadership transition at HDFC Bank has invigorated investor trust and market dynamics. With oil prices dropping and inflation worries easing, combined with a calming outlook on Federal Reserve rate hikes, investors appear to be regaining their footing and confidence.
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