Mumbai (Maharashtra) [India], December 22 (ANI): Indian stock markets opened with positive factors on Monday, monitoring optimistic momentum from different Asian markets, whilst considerations associated to tariffs continued to weigh on total market sentiment.
The Nifty 50 index opened at 26,055.85, registering a acquire of 89.45 factors or 0.34 per cent. The BSE Sensex additionally began the session on a optimistic notice, opening at 85,139.93, up by 210.57 factors or 0.25 per cent.
Market consultants, nevertheless, cautioned that strain stays on Indian equities attributable to tariff-related considerations.
Ajay Bagga, Banking and Market Expert, informed ANI that Indian markets had ended decrease for the third consecutive week on Friday, however a number of optimistic components at the moment are supporting the opening sentiment.
‘Indian markets marked a down week for the third consecutive week on Friday. However, the smooth US CPI and the optimistic cues from US and Asia are pointing to a niche up open this morning. We have seen optimistic flows from FPIs final week, the restoration within the Rupee and the oversold ranges of Indian markets are all pointing to a greater begin to the week,’ Bagga mentioned.
Despite the optimistic opening, points which have affected Indian markets all year long proceed to persist.
According to Bagga, the largest sentiment dampener stays the 50 per cent US tariffs and the dearth of any conclusive transfer in the direction of finalising a commerce deal. Foreign Portfolio Investor (FPI) promoting has continued throughout the 12 months, including strain to the markets. Liquidity has additionally moved out of Indian equities as promoters and personal fairness funds rushed to encash excessive valuations obtainable within the major markets.
In the broader market on the National Stock Exchange, key indices traded greater. The Nifty 100 gained 0.54 per cent, whereas the Nifty Midcap 100 rose by 0.51 per cent. The Nifty Smallcap 100 additionally superior by 0.49 per cent, indicating broad-based shopping for curiosity.
Sectoral indices on the National Stock Exchange additionally confirmed energy in early commerce. Nifty Auto was up by 0.34 per cent, whereas Nifty Metal gained greater than 1 per cent. Nifty Pharma surged by 0.46 per cent and Nifty IT rose by greater than 1 per cent.
Global cues remained supportive. US markets witnessed a dip in shopping for within the tech and synthetic intelligence sectors on Friday, which rekindled hopes of a Santa rally globally.
The US Consumer Price Index information, which was delayed as a result of October US authorities shutdown, got here in softer than estimates for each headline and core inflation. This boosted market expectations of additional price cuts by the US Federal Reserve in early 2026.
Meanwhile, oil costs have been buying and selling greater on Monday morning amid developments associated to the US and Venezuela. Precious metals have been additionally buying and selling agency in Asian markets, with silver hitting one more all-time excessive.
Other Asian markets traded strongly, with Japan’s Nikkei 225 gaining greater than 1.9 per cent, Taiwan’s weighted index surging by 1.68 per cent, and South Korea’s KOSPI rising by 1.7 per cent, offering extra help to home market sentiment. (ANI)