Sensex Today Live: Markets Edge Higher; Nifty Above 26,050 as IT Stocks Lead the Rally
Indian stock market opened higher on Monday with Sensex gaining 50 points and Nifty trading above 26,050. IT and banking stocks rise while auto stocks remain weak. Global markets show positive cues ahead of rate-cut expectations.
Sensex Today LIVE: Sensex Rises 50 Points, Nifty Above 26,050 as IT Stocks Lead Market Gains
Indian benchmark indices continued their positive momentum on Monday as the market opened the week with cautious optimism. Gains in IT and banking stocks helped lift sentiment, even as auto counters weighed on the indices during early trade.
The BSE Sensex gained around 50 points, while the Nifty 50 moved above the 26,050 mark, reflecting improving risk appetite among investors.
Market Mood & Sector Trends
Market analysts highlighted a slight optimistic sentiment that was backed by rotating purchases. The rally was mainly driven by technology and some financial stocks while the defensive and consumer sectors showed less activity, which revealed a cautious strategy of traders trying to evaluate the market's next move.
Global Market Snapshot
- S&P 500 Futures: +0.5%
- Nikkei 225 Futures: +0.4%
- Hang Seng Index: +2%
- Shanghai Composite: +0.2%
- Euro Stoxx 50 Futures: +0.8%
Strength across global equities boosted domestic confidence as expectations of a U.S. Federal Reserve rate cut grew.
Bond Market Highlights
Power Finance Corporation (PFC) plans to raise ₹60,000 crore through a mix of fresh issuance and reissued bonds.
Axis Bank is set to raise ₹50,000 crore via 10-year infrastructure bonds.
These developments hint at active borrowing plans as companies prepare for future capital expenditure.
Stock-Specific Action
📈 Top Gainers:
TeamLease surged up to 11%, driven by optimism around India’s new labour reform rollout.
Karnataka Bank climbed nearly 7% after investor Aditya Kumar Halwasia purchased shares worth ₹71 crore.
Dilip Buildcon gained over 1% following a new project win.
📉 Top Losers:
Several auto and consumption-based stocks slipped during midday trading amid profit booking.
IPO Watch
The Sudeep Pharma IPO continued to attract strong participation, with the issue subscribed 2.56 times by late morning. Non-institutional investor interest remained upbeat, while institutional bids are expected to pick up closer to the final day.
Commodities Check
Gold prices retreated for the third consecutive session, pressured by a stronger U.S. dollar. Spot gold traded at $4,045 per ounce, while silver and platinum showed marginal mixed movements.
