Nifty opens higher; Sensex gains nearly 100 points
Indian stock markets kicked off Monday on a positive note, with the Nifty50 opening above 26,100 and the Sensex gaining nearly 100 points.
This upbeat start was fueled by strong global cues, putting both indices slightly in the green right from the morning.
What's driving the mood?
Analysts expect markets to stay steady this week, thanks to value buying and hopes for stronger demand in Q3.
Dr. VK Vijayakumar, Chief Investment Strategist, Geojit Investments Limited, noted that while previous attempts to break the 2024 September high were slowed by foreign investor selling and delays in US-India trade talks, he's optimistic about a rebound—especially with earnings growth likely to witness above 15% by FY27.
Hopes for a US-India trade deal and possible Fed rate cuts are also keeping investors interested, with global markets reacting positively to these developments.