Indian equity markets started the day on a strong note, with the SENSEX surging by 300 points and the NIFTY50 scaling past the 24,000 mark in early trade. The bullish momentum was driven by positive global cues, easing inflation concerns, and strong buying interest across key sectors. At the opening bell, the BSE SENSEX climbed to 66,550, supported by gains in blue-chip stocks. Similarly, the NIFTY50 crossed the psychologically crucial 24,000 threshold, fueled by robust performance in sectors such as IT, banking, and media. Market sentiment was buoyed by optimistic macroeconomic data and indications of a steady global recovery. Investors also found confidence in expectations of continued foreign institutional inflows into Indian equities.Among the top performers of the day, Zee Entertainment Enterprises Limited (ZEEL) saw its stock rise by an impressive 7.5% in early trade. The surge followed reports of a favorable arbitration outcome in a long-standing dispute and growing optimism surrounding its strategic roadmap, including potential collaborations and content expansion initiatives. ZEEL’s strong rally also lifted the overall media sector index, which gained nearly 2% during morning trade. Banking and financial stocks remained steady contributors to the rally, with major lenders like HDFC Bank, ICICI Bank, and Axis Bank registering gains. The banking sector benefitted from optimism surrounding upcoming policy announcements and improving credit growth data. IT stocks, too, provided significant support to the indices, with Infosys, TCS, and Wipro all trading in the green.
On the broader market front, mid-cap and small-cap indices followed the positive trend, advancing by over 1% each. Analysts highlighted that the renewed interest in these segments reflects growing investor confidence in India’s economic resilience and corporate earnings outlook. Global factors also played a key role in the market’s upbeat performance. Asian markets exhibited a strong start to the week, with major indices in Japan and Hong Kong trading higher. Investors globally seemed to take heart from easing oil prices and dovish commentary from central banks, signaling a potential pause in rate hikes. Market experts suggested that domestic equities are likely to remain on an upward trajectory in the near term, supported by a combination of favorable global cues and improving local economic indicators. However, they advised caution, pointing out that valuations are stretched in some sectors, and profit booking could limit the upside in the short term. On the technical front, analysts see the NIFTY50 sustaining above the 24,000 mark as a positive signal, indicating strong buying momentum. For the SENSEX, maintaining gains above 66,500 is seen as a critical threshold for further upward movement. In conclusion, Indian markets began the week on a robust note, with the SENSEX and NIFTY50 making significant strides and ZEEL leading the charge among individual stocks. The optimism reflects a broader confidence in India’s economic growth prospects and the resilience of its corporate sector, making the coming sessions crucial to determine the sustainability of this rally. Investors are likely to keep an eye on global developments and upcoming domestic policy signals for further direction.
