Indian equity benchmarks opened higher on Monday, with the BSE Sensex rising 546.64 points to 77,210.85 and the Nifty 50 gaining 169.55 points to 24,067.50 in early trade.
The gains followed a sharp decline in the previous session. On Friday, the Sensex had fallen by about 983 points at close, while the Nifty declined by 275 points.
Rupee Weakens Against US Dollar
Despite the rise in equities, the currency market remained under pressure. The Indian rupee depreciated by 11 paise to 94.27 against the US dollar in early trade on Monday. According to market participants, the decline was driven by b demand for the dollar and increased investor preference for safe-haven assets.
Stock-Specific Movements
Among Sensex constituents, shares of Sun Pharmaceutical Industries rose more than 4% after the company announced the acquisition of US-based Organon & Co.. Gains were also recorded in Adani Ports, Kotak Mahindra Bank, Tata Steel, and Mahindra & Mahindra.
On the downside, Axis Bank, Bajaj Finance, and Reliance Industries declined, limiting the overall gains in the market.
Global Market Cues
Asian markets showed a mixed trend. Japan’s Nikkei 225 reached a record level, while South Korea’s KOSPI traded with gains.
Investors are closely tracking policy decisions from major central banks this week, including the Federal Reserve, European Central Bank, Bank of Japan, and Bank of England, which are expected to influence market direction.
