New Delhi (Rajeev Sharma): Indian stock markets kicked off Monday’s session with a strong upward burst, pushing the key indices to unprecedented levels after fresh economic data signaled stronger-than-expected momentum in the country’s growth engine.
The Sensex leapt to a new milestone of 86,159.02, rising over 450 points within minutes of opening, while the Nifty climbed past 26,325, also setting a new all-time high. The rally reflected a surge in investor confidence following India’s 8.2% GDP expansion in the July–September quarter — the quickest growth seen in six quarters.
Buying was particularly strong in several major index components. Adani Ports, Bharat Electronics, Tata Motors’ passenger vehicle division, State Bank of India, Kotak Mahindra Bank, and Eternal were among the most active gainers contributing to the morning surge. Conversely, ITC, Bajaj Finance, Titan, and Tech Mahindra saw declines, dragging on the otherwise spirited session.
Analysts say the upbeat economic print has strengthened expectations of a sustained market upswing. Market watchers noted that accelerated production and healthy consumer demand ahead of changes in GST rates helped cushion global trade-related pressures.
According to Prashanth Tapse, Senior Vice President (Research) at Mehta Equities, the market appears firmly positioned for further highs. He said the broader strength across sectors and the strong GDP number “could make record-breaking levels a more frequent occurrence.”
Across Asia, trading cues were mixed. Markets in Shanghai and Hong Kong edged higher, while Japan’s Nikkei 225 and South Korea’s Kospi traded in negative territory. U.S. indices had ended last week on a positive note, providing additional support to global investor sentiment.
Data from Friday revealed contrasting flows from major institutional players: FIIs net sold equities worth ₹3,795.72 crore, while DIIs stepped in with net purchases of ₹4,148.48 crore, helping stabilize the market.
On the commodities front, Brent crude advanced to roughly $63.39 a barrel, marking a rise of over 1.6%.
The strong open comes after a flat close on Friday, where the Sensex slipped slightly to 85,706.67 and the Nifty ended just below 26,203. With fresh highs now in play, investors will closely track global movements and domestic fund flows to determine whether the rally can maintain its pace through the week.
