The Sensex rose 270 points at opening, while the Nifty briefly breached the 25,900-point mark, reflecting festive optimism and healthy buying in largecap counters. The gains were led by top stocks like Infosys, HDFC Bank and Mahindra & Mahindra (M&M), which rose 0.9%, 0.6% and 0.7% respectively. Broader indices also traded briskly, albeit with lower participation compared to the first-line benchmarks.
Nearly 23 of the 30-share Sensex pack are trading higher, reflecting optimism on largecap picks
Investors, both retail and institutional, typically place token trades during this session to mark the start of a new financial cycle, believing it brings good luck and prosperity. Market sentiment was further supported by strong earnings expectations and decreasing global uncertainties.
Analysts said investors are entering Samvat 2082 with a cautiously optimistic outlook. Large caps, especially those in banking and technology, continue to offer better visibility amid global uncertainty.
Sectors like banking, IT and auto witnessed modest gains, with Reliance Industries, ICICI Bank and TCS also trading higher. Ahead of Diwali, Sensex and Nifty also extended their winning streak on Monday and closed higher for the fourth straight session, driven by Reliance Industries and continued foreign fund inflows. The Nifty 50 was up 1.68% last week, which was one of the best pre-Diwali performances in recent years.
Looking ahead, analysts expect Samvat 2082 to be a year defined by earnings growth, interest rate trends and global risk sentiment. “The market’s trajectory over the next year will largely depend on how corporate earnings evolve and how the U.S. interest rate cycle plays out,” said Amisha Vora, chairman and managing director of PL Capital.
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