Global markets also opened on a positive note on Monday, further supporting investor sentiment.
Indian Stock Markets Open on Strong Note, Boosted by RBI’s Jumbo Rate Cut and Positive Global Cues
Indian stock markets opened the week on a strong note on Monday, driven by the jumbo rate cut announced by the Reserve Bank of India (RBI) in the past week and positive global cues.
The Nifty 50 opened at 25,131, gaining 128.20 points or 0.51 percent. Similarly, the BSE Sensex opened at 82,616, rising 427.13 points or 0.52 percent.
Market experts attribute the strong opening to both domestic policy moves and encouraging signs from global markets. Trade talks between the U.S. and China are being closely monitored by investors, especially with the Trump tariff pause deadline approaching on July 9. “This is providing optimism to risk markets,” said Ajay Bagga, a banking and market expert, while speaking to ANI.
In the broader market, all major indices witnessed gains during the opening session. Sectoral indices also performed well, with Nifty leading the rally and gaining more than 1 percent.
"Currently, the Nifty is hovering near a strong resistance level of 25,300. A breakout above this resistance could indicate a continuation of the uptrend in the market. Technically, the price trading above all key moving averages signals further upward momentum. Last week, the Nifty 50 also posted strong gains. Back-to-back bullish candles indicate the dominance of bulls, potentially pushing the index to a new high," said Sunil Gurjar, founder of Alphamajo Financial Services and a SEBI-registered research analyst, in a statement to ANI.
Global markets also opened on a positive note on Monday, further supporting investor sentiment.
