The Indian markets continued the last week’s record high opening streak and opened at fresh highs on the first day this week as Sensex soared above 58400 levels, while Nifty opened almost at 17400. The surge was led by Reliance Industries, which continued to aid the market the most since Friday.  

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The BSE Sensex jumped over 281 points or 0.48 per cent to 58411.6, while Nifty50 surged by over 75.7 points or 0.44 per cent to 17399.3 at the market open on Monday. In the broader markets, the mid-cap index also opened at a record high level of 29181, up 121 points or 0.42 per cent today. 

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While strengthening the Nifty Index, Nifty Bank too started its Monday’s session on a positive note, gaining over 117 points or 0.32 per cent to 36878.3 levels, led by SBI and Axis Bank.            

Of 50 scrips on Nifty50, 43 advanced, 7 declined minutes after the market open today. Hindalco became the most gainer stock at open today, surging by over 1.5 per cent, followed by Reliance Industries up over 1 per cent, while BPCL, JSW Steel and Maruti each surged around 1 per cent.  

On the contrary, Tata Steel opened on as top laggard minutes after market open on Monday, down around 1 per cent. While other stocks that declined marginally in a positive market are Power Grid, Asian Paint, TCS, IOC, HDFC Bank, NTPC, and Titan. 

All sectoral indices opened in the green on Monday, with, metal index continuing the lead since last week by surging most by around 0.7 per cent on the first day of this week’s trading session, followed by auto stocks along with banking and financial services also lifted the markets to newer highs. 

Globally, the US markets on Friday ended mixed as Dow and S&P 500 declined while Nasdaq closed with minor gains, similarly, even Asian markets are gaining in the early morning trade with Japan’s Nikkei gaining around 500 points to lead the Asian peers with China and Taiwan markets.