Stock market opens with huge surge

Indian stock markets started the new week with a gain. On Monday, both Nifty and Sensex indices were seen to be strong. During this, the Nifty 50 index opened at 24,956.15 points after gaining 0.41 percent or 102.10 points, while the BSE Sensex opened at 81,770.02 points, up 545 points or 0.67 percent.

Market experts say that quarterly announcements of financial results and continued activity of foreign investors will remain in focus this week. Banking and market expert Ajay Bagga has given information about this: "India's focus remains on the earnings season, which has been slightly below average so far, and there was continued selling by FIIs from the secondary markets." 

Among the sectoral indices on the National Stock Exchange on Monday, all the sectoral indices were trading higher except Nifty FMCG, which witnessed a marginal decline of 0.19 percent. Nifty IT also led the gains with a gain of 0.76 percent in the early trade.

HDFC Bank, Tech Mahindra, HDFC Life, and Eicher Motors were the top gainers at the opening, while Tata Consumer, Kotak Bank, and Bharti Airtel were the biggest losers. Bajaj Housing Finance, Union Bank of India, Mahindra Logistics, and HFCL are also going to announce their second quarter financial results today.

Other Asian markets were trading mixed on Monday, with Japan's Nikkei gaining 0.33 percent while Hong Kong's Hang Seng fell 0.31 percent. South Korea's Kospi gained 0.82 percent, and Taiwan's markets were also up at the time of filing this report.

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