Stock Market Update | Sensex Rises 280 Points, Nifty Crosses 22,450 on Global Market Boost
The Indian stock market opened higher on Monday, with the BSE Sensex gaining 280 points to hit 74,100 and the NSE Nifty 50 rising 80 points to 22,480, buoyed by positive global cues. Strong rebounds in US markets and gains across Asia set an upbeat tone for domestic indices.
The BSE Sensex started the day near 73,830 before climbing to 74,100 in early trade. The Nifty 50 followed suit, advancing to 22,480, reflecting optimism from international markets.
On Friday, the US saw significant gains, with the NASDAQ jumping 2.6%, the Dow Jones up 1.7%, and the S&P 500 rising 2.1%. This rebound influenced investor sentiment globally, including in India.
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Asian markets mirrored the positivity on Monday morning. Hong Kong’s Hang Seng and Japan’s Nikkei each surged 1.4%, while Taiwan and KOSPI gained over 1%, and China’s Shanghai Composite rose 0.4%.
Investors are eyeing upcoming interest rate decisions by major central banks. The US Federal Reserve and Bank of Japan will announce their policies on March 19, followed by the Bank of England on March 20.
Gold prices soared past $3,000 for the first time on Friday, driven by concerns over US President Donald Trump’s tariff policies. Crude oil also rose, with WTI at $67.67 and Brent at $71.35 per barrel.
IndusInd Bank emerged as a top gainer, surging 5% in early trade. Other stocks contributing to the rally included heavyweights boosting the Sensex and Nifty indices.
Market watchers expect volatility as global central bank decisions unfold this week. Developments in US markets and commodity trends will likely shape the trajectory of Indian indices in the near term.
