Indian stock markets opened the week with strong gains, as benchmark indices moved higher on positive global cues and election-related optimism. The BSE Sensex rose nearly 900–1,000 points in early trade, while the Nifty 50 approached the 24,300 mark.
The rally was supported by easing crude oil prices, which helped improve sentiment, especially for an oil-importing country like India. Early trends from ongoing assembly election results also boosted confidence, as investors looked for signs of political stability.
Among the top gainers were auto and FMCG stocks. Maruti Suzuki saw strong buying interest, supported by steady demand outlook. FMCG major Hindustan Unilever also moved higher, reflecting stable consumption trends. Infrastructure giant Larsen & Toubro was another key gainer during the session. Banking stocks also traded in positive territory, contributing to the overall market strength.
However, not all sectors participated equally in the rally. IT stocks remained under pressure, with Infosys and TCS among the major laggards. Weak global demand outlook and uncertainty in overseas markets weighed on investor sentiment in the technology space.
As the session progressed, markets trimmed some of their early gains but continued to trade in the green. Analysts said the overall mood remains positive, but volatility could increase as final election results become clearer.
Investors are also watching global developments, crude oil prices, and foreign fund flows for further direction.
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