Strong Start for Markets: Sensex Up 160 Points, Nifty Above 24,600

Stock Market Opens Higher Ahead of RBI Meet; Sensex Up 230 Points, Nifty Near 24,650.

Indian stock markets started the week on a positive note, buoyed by expectations of a rate cut as the Reserve Bank of India began its three-day Monetary Policy Committee (MPC) meeting on Monday.

Sensex rose 229.73 points to 80,829.64

Nifty climbed 81.55 points to 24,646.90 (as of 9:24 am)

Key Movers
Top Gainers (BSE Sensex):

Tata Steel +1.96%

BEL +1.63%

Asian Paints +1.16%

Mahindra & Mahindra +1.13%

UltraTech Cement +0.95%

Top Losers:

Power Grid -1.44%

Tech Mahindra -0.88%

Sun Pharma -0.86%

Infosys -0.78%

SBI -0.58%

Broader Market
Nifty Midcap100: +0.25%

Nifty Smallcap100: +0.23%

India VIX (volatility index): Spiked 4.80%

Sector Snapshot
Gainers:

Nifty Metal +1.30%

Nifty Auto +1.09%

Realty, PSU Bank, Consumer Durables, Media — all in the green

Lagging sectors:

Nifty IT -0.38%

Pharma & Healthcare -0.36%

Private Bank -0.22%

FMCG -0.10%

Global Factors
Dr. VK Vijayakumar of Geojit Financial Services said global cues remain mixed. A US-India trade deal with reduced tariffs could boost sentiment. However, if the 25% duty holds, markets may face downside pressure due to potential drag on growth and earnings.

He also noted that slowing US job growth could push the Fed toward a rate cut in September, though stagflation risks still loom.