Nifty, Sensex Start Flat Amid Optimism of New Record Highs; Experts Eye Market Cues
Sensex and Nifty opened flat on Monday but remain close to record highs. Analysts expect a potential breakout as markets track rupee movement, global cues, and US economic data. Sector-wise, IT stocks led early gains.
Nifty, Sensex Open Flat but Near Record Highs: Market Experts Predict Breakout Soon
India’s benchmark indices opened flat on Monday, signalling another cautious trading session as bulls and bears continued their tug of war. Despite muted movement at the opening bell, analysts remain optimistic that the Nifty 50 and Sensex could soon scale fresh lifetime highs.
The Nifty 50 began the session at 26,122.80, up 54.65 points (0.21%), while the BSE Sensex opened at 85,320.04, gaining 88.12 points (0.10%). The steady tone in early trade pushed both indices closer to their previous peaks — Nifty’s 26,277.37 and Sensex’s 85,978.25, set in September 2024.
Experts say the domestic market continues to demonstrate resilience despite global economic uncertainty. Investor focus remains on upcoming US economic data, which may provide clarity on tariff impacts and potential policy direction.
“Indian markets will closely track the Rupee,” said Ajay Bagga, Banking and Market Expert. “Friday’s market fall aligned with the Rupee slipping below ₹89 against the US dollar, affecting sentiment amid weak trade flows and limited visible RBI intervention.”
Broader market indices on the NSE showed reduced volatility, with most categories trading in the green. However, small-cap and mid-cap stocks remained under mild pressure.
According to Ponmudi R, CEO of Enrich Money, domestic fundamentals continue to support investor confidence:
“India stands out globally, with strong local resilience offsetting global volatility. Markets will also watch indicators such as labour and economic activity, as softer data may strengthen expectations of further Federal Reserve easing.”
Among sectors, Nifty IT led early gains, jumping 1.34%, while Nifty Auto, FMCG, Pharma and Realty opened flat to lower. Most other sectoral indices posted modest gains.
Sunil Gurjar, SEBI-registered analyst and Founder of Alphamojo Financial Services, believes a breakout is still possible — but not without resistance.
“Nifty is trading near its all-time high of 26,250. A breakout above this level could confirm a continuation of the uptrend. However, sustained FII selling and a weak Rupee may pose challenges in the near term.”
Across Asian markets, equities traded higher. Hong Kong’s Hang Seng jumped 1.4%, South Korea’s KOSPI gained over 1%, and Taiwan’s index rose 0.9%, while Japan’s Nikkei remained closed for a holiday.
Meanwhile, US stock futures were also trading in the green as investors awaited key economic indicators. Producer inflation, retail sales and industrial output data are scheduled for Tuesday, followed by third-quarter GDP numbers on Wednesday.
