Stock Market Opening Bell: Sensex zooms 190 pts, Nifty nears 26000—Kotak Mahindra Bank top gainer

Stock Market Today: Equity benchmarks started the week with mild gains as global cues and steady fund flows supported early sentiment.

The Sensex opened at 84,700.50 and edged higher to 84,753.17 at 09:15. The index gained 190.39 points, or 0.23 per cent, from its previous close of 84,562.78.

The Nifty 50 began trade at 25,948.20, matching its opening level at 09:15. The index rose 38.15 points, or 0.15 per cent, compared to Friday’s close of 25,910.05.

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Kotak Bank, L&T, Titan Company, M&M, SBI, Tech Mahindra, and ITC were the top Sensex gainers in early deals. These stocks gained up to 1 per cent.

On the downside, Tata Motors PV dropped 6 per cent. Eternal, TCS, Power Grid, and Infosys also traded lower.

In the broader markets, the Nifty MidCap index advanced 0.45 per cent. The Nifty SmallCap index gained 0.48 per cent. The NSE Nifty 100 was up 0.18 per cent. The Nifty Midcap 100 surged 0.43 per cent. The Nifty Smallcap 100 added 0.31 per cent.

Among sectors, the Bank Nifty hit a fresh record high at 58,830, rising 0.5 per cent. The Nifty PSU Bank index added 1.2 per cent. The Nifty Private Bank and FMCG indices gained 0.5 per cent each. The Nifty Financial Services index rose 0.4 per cent.

Most NSE sectoral indices opened in the green, except Nifty IT, which slipped 0.04 per cent. Nifty PSU Bank and FMCG were the top gainers. Nifty Auto traded flat but positive with a gain of 0.07 per cent.

This week, markets will track fresh US economic data. Fed speakers were hawkish last week, reducing the probability of a December rate cut to 45 per cent. AI-led valuation concerns also continue to influence sentiment. The prolonged 43-day US government shutdown has added to uncertainty.

US markets closed flat on Friday. Asian markets opened sharply lower on Monday after an "unexpectedly strident" Chinese warning to Japan, which increased geopolitical concerns. Gold saw a brief recovery in Asian trade but later gave up those gains.