The Indian markets began trading this week on a robust note, with both benchmark indices, Sensex and Nifty, rallying ahead on Monday. In the pre-open market minutes, the BSE Sensex climbed more than 200 points and traded above 81,900, while around 9:09 AM, the NSE Nifty50 gained over 50 points and crossed 24,900.

As markets opened, the indices maintained the strong sentiment and continued to trade higher. Around 9:17 AM, the Sensex soared more than 500 points and inched closer to the 82,250 mark, while the Nifty jumped almost 140 points to test 25K in the session.

On the 30-share Sensex platform, Eternal remained the only exception in red and fell close to 3 per cent in the morning hours. Meanwhile, the gainers were dominated by M&M, PowerGrid, TechM, Tata Motors, and NTPC.

In the broader markets, the sentiment across indices remained positive. The Nifty Microcap 250 drove the gains and surged 0.89 per cent. Sectorally, the Metal and Auto indices led in green and climbed 0.94 per cent and 0.91 per cent respectively.

Rupee Vs Dollar

The Indian rupee also experienced a strong start to the week as the domestic unit appreciated 40 paise to touch 85.05 against the US dollar in early trade on Monday. This surge was attributed to a weak American currency index and favourable domestic equity markets. Notably, the Indian unit settled 50 paise higher on Friday at 85.45 against the greenback.

V K Vijayakumar, Chief Investment Strategist at Geojit Investments Limited, explained, "News of India becoming the fourth largest economy in the world would be a near-term morale boost for the market. RBI's bumper dividend payment to the government, exceeding the budget estimates, will help contain the fiscal deficit target for FY26 at 4.4 per cent. This, in turn, can sustain the low inflation and declining interest rate trend which will continue to support the equity market."

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