Stock market at the moment: BSE Sensex surges over 500 factors, reclaims 77,000; Nifty50 above 23,500

Experts undertaking this constructive development to persist, backed by international institutional investor exercise. (AI picture)

Stock market at the moment: BSE Sensex and Nifty50, the Indian fairness benchmark indices, opened in inexperienced on Monday. While BSE Sensex reclaimed the 77,000 degree, Nifty50 went above 23,500. At 9:16 AM, BSE Sensex was buying and selling at 77,449.15, up 544 factors or 0.71%. Nifty50 was at 23,507.70, up 157 factors or 0.67%.
The Indian inventory markets concluded the earlier week robustly, with the Nifty 50 attaining its highest weekly beneficial properties since 4 years. This surge was attributed to elevated international investor participation and market sentiment suggesting a possible finish to the latest decline. Experts undertaking this constructive development to persist, backed by international institutional investor exercise.
“Nifty has recovered 6.3% in the last three weeks indicating value buying at lower levels. We expect this upward momentum to continue, on the back the foreign institutional investors’ return to the Indian market amid attractive valuations and signs of economic recovery,” mentioned Siddhartha Khemka, Head – Research, Wealth Management, Motilal Oswal Financial Services.
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The Nifty maintains its upward trajectory following a trendline breakout, bolstered by constructive sentiment, famous Rupak De, Senior Technical Analyst at LKP Securities, including that the index confronted resistance on the 21-week exponential transferring common of 23,382 throughout the earlier session.
The S&P 500 and Dow Jones achieved marginal beneficial properties on Friday, recovering from earlier losses after U.S. President Donald Trump’s statements instructed that upcoming tariffs scheduled for early April is likely to be much less extreme than anticipated.
Stock-index futures within the US superior throughout early Asian buying and selling hours, following indications that President Donald Trump’s upcoming commerce tariffs is likely to be extra reasonable than initially anticipated.
Crude oil costs maintained stability on Monday as market contributors evaluated potential outcomes of ceasefire negotiations between Russia and Ukraine, which might doubtlessly enhance Russian oil provide to world markets.
Foreign portfolio buyers shifted to internet purchases of Rs 7,470.36 crore on Friday, while home institutional buyers offloaded shares value Rs 3,202.26 crore.