Stock Market: Sensex Zooms 652 Points In Opening Deals, Nifty Above 15,800 Amid Positive Cues

Stock update: On the BSE platform, except Kotak Bank all were trading in the positive zone. TechM was the lead gainer, up 3.64 per cent. HCL, Infosys, L&T, Wipro, and the rest were the other gainers

In the broader markets, the BSE MidCap and SmallCap indices also opened firmly in the positive territory, rising up to 1.3 per cent. 

The two key domestic equities, Sensex and Nifty, on Monday opened the in green and extended their lead for the third straight session tracking positive global cues.

At 10 am, the BSE Sensex was up 652 points to 53,380, while the broader NSE Nifty was trading at 15,896, up 197 points.

On the 30-share BSE platform, except Kotak Bank all were trading in the positive zone. TechM was the lead gainer, up 3.64 per cent. HCL, Infosys, L&T, Wipro, and the rest were the gainers.

In the broader markets, the BSE MidCap and SmallCap indices also opened firmly in the positive territory, rising up to 1.3 per cent. 

On NSE, all the 15 sector gauges were trading in the green. Sub-indexes Nifty IT and Nifty Metal were outperforming the NSE platform by rising as much as 2.67 per cent and 1.63 per cent, respectively.    

The overall market breadth was positive as 1,219 shares were advancing, while 286 were declining on the BSE.

In the previous session on Friday, the Sensex had climbed 462 points (0.88 per cent) to settle at 52,727, while the Nifty gained 142 points (0.92 per cent) to settle at 15,699.

Elsewhere in Asia, markets in Seoul, Tokyo, Shanghai and Hong Kong were trading with gains in mid-session deals.

The US markets had ended with sharp gains on Friday.

"The good news is that the markets across the globe are seen shrugging off growth concerns and also have overcome inflation worries," said Prashanth Tapse, Vice President (Research), Mehta Equities Ltd.

"The US and European indices ended in the green on Friday. Asian markets are also trading in the green in early Monday trade," said Mohit Nigam, Head - PMS, Hem Securities.

Meanwhile, international oil benchmark Brent crude gained 0.20 per cent to $113.35 per barrel.

Foreign institutional investors (FIIs) remained net sellers in the capital market, as they sold shares worth Rs 2,353.77 crore on Friday, as per exchange data.