Sensex Gains Over 200 Points, Nifty Tops 25,550 Amid Mixed Global Cues
- Indian markets open higher, Sensex up 200+ points, Nifty above 25,550.
- Experts see range-bound trade with focus on India-US developments.
- AI stock correction in US may favor Indian equities.
Indian stock markets opened in the green on Monday, tracking positive momentum across key sectors. The Nifty50 started above 25,550, while the BSE Sensex gained over 200 points in early trade. At 9:16 AM, Nifty50 was up 76 points at 25,567.90, and Sensex rose 211 points to 83,426.94.
Analysts expect a range-bound movement this week amid mixed global signals. Market sentiment is likely to be shaped by corporate earnings and India-US trade discussions, which could lend support to domestic equities.
According to Dr. V.K. Vijayakumar, Chief Investment Strategist at Geojit Financial Services, the global 'AI trade' that boosted stock valuations worldwide is showing signs of slowing down. “The recent 3% drop in Nasdaq indicates a healthy correction that could stabilize markets and prevent a bubble”, he said.
He added that this trend could work in India’s favor, as the country’s markets were less exposed to the AI rally. “Foreign investors who diverted funds to AI-driven markets may now look back at India. With strong earnings growth expected, sectors like banking, telecom, capital goods, defense, and automobiles could see renewed investor interest”, Vijayakumar noted.
Also Read: Sensex, Nifty Slip as Profit Booking Weighs on Markets
Meanwhile, foreign portfolio investors sold shares worth Rs 4,581 crore on Thursday, while domestic institutional investors bought Rs 6,675 crore. Asian markets showed optimism as hopes grew for a resolution to the prolonged US government shutdown.
