Stock Market
Markets roar at opening: Sensex soars 500 points, Nifty crosses 26,100
Mumbai/IBNS: Indian equity benchmarks opened higher on Monday, with the BSE Sensex surging nearly 500 points and the NSE Nifty 50 trading above the 26,100 mark in early deals, media reports said.
Market sentiment remained positive, extending Friday’s closing momentum.
At the opening bell, Jupiter Wagons, GE Vernova T&D India and KEC International emerged as top gainers, while Reliance Power and Vodafone Idea featured among the laggards.
Shares of Jupiter Wagons jumped nearly 9 percent in the opening hour following the conversion of warrants, through which the company acquired a 0.5 percent stake.
GE Vernova T&D India rallied around 10 percent, gaining nearly ₹300 per share as trading resumed on Monday.
In the Nifty pack, Infosys led gains as IT stocks advanced sharply in early trade.
Elsewhere, Groww shares climbed over 5 percent, while cable and wire stocks rose nearly 4 percent.
Market expert Anil Singhvi told Zee Business that the Nifty 50 has support in the 25,875–25,950 range, with a strong buy zone between 25,725–25,850 for the session.
He added that Nifty Bank has support at 58,900–59,000, while the strong buy zone is seen at 58,650–58,800.
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