Benchmark indices opened higher on Monday, boosted by IT stocks and strong GDP data that indicated resilience despite global tariff concerns.
At 9:35 am, the Sensex was up 368.48 points at 80,178.13, while the Nifty50 gained 112.65 points to 24,539.50. Infosys (+1.90%), Bajaj Finance (+1.65%) and Tech Mahindra (+1.63%) were among the top gainers, while Maruti Suzuki (-0.54%) and Hindustan Unilever (-0.53%) were the key drags.
Sectorally, Nifty IT led the rally with a 1.56% rise, followed by Consumer Durables (+0.97%) and Metal (+0.64%). FMCG was the only index in the red, slipping 0.24%. The Nifty Midcap100 and Smallcap100 also gained 0.82% and 0.67%, respectively.
Dr. VK Vijayakumar of Geojit Financial Services said India’s Q1 GDP growth of 7.8% beat expectations, while the U.S. court ruling against Trump’s tariffs could have global trade implications. He added that fiscal and monetary support, along with upcoming GST reforms and steady mutual fund inflows, would keep market sentiment positive.
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