The Indian stock markets opened on a positive note on Monday, tracking gains in Asian peers, even as rising crude oil prices and geopolitical tensions weighed on investor sentiment.
The BSE Sensex was trading at 77,121.97, up 457 points or 0.59 per cent, while the Nifty 50 rose to 24,047, advancing 150 points or 0.62 per cent from the previous close. Gains were led by buying in realty, pharma, IT, auto, and banking stocks.
However, stocks such as Axis Bank, Shriram Finance, and Bajaj Finance were among the top laggards in early trade.
Asian markets provided supportive cues, with Japan’s Nikkei 225 rising 1.4 per cent to a record high and South Korea’s Kospi gaining 1.83 per cent to hit a fresh peak. China’s CSI 300 also advanced 0.25 per cent after industrial profits showed year-on-year growth. However, Australia’s S&P/ASX 200 and Hong Kong’s Hang Seng Index traded marginally lower.
In the commodities market, Brent crude prices rose over 2 per cent to around 107 dollars per barrel, while US crude also gained amid heightened geopolitical uncertainty following stalled talks between the United States and Iran.
Market participants remain cautious amid a mix of global and domestic factors, including geopolitical developments, foreign fund flows, and ongoing corporate earnings.
According to market experts, elevated crude oil prices continue to act as a key concern, while volatility may persist due to global uncertainties and investor risk aversion.
Analysts noted that the markets are likely to react to fourth-quarter earnings, with the NBFC sector expected to remain in focus.
Technically, the Nifty 50 remains under watch after slipping below the 24,000 level in recent sessions, with immediate support seen around 23,800 and resistance in the 24,300–24,400 range. Bank Nifty has shown relative resilience, with support near 55,800 and resistance around 57,000.
Experts also pointed to key global triggers this week, including earnings from major US technology companies and policy decisions by central banks such as the US Federal Reserve, European Central Bank, and Bank of Japan.
-ANI
