Indian stock markets opened in positive territory on Monday, buoyed by strong global cues and investor optimism about improving relations between the US and India under the Trump and Modi administrations.
At the opening bell, the Nifty 50 advanced 61.60 points (0.25%) to 24,802.60, while the Sensex climbed 189.63 points (0.23%) to 80,900.39.
Market sentiment was further lifted by a weaker US jobs report, reinforcing expectations of a Federal Reserve rate cut at its September 17 meeting. “Hopes for improved ties between the Trump administration and Modi government are the dominant theme today. The subdued US jobs data makes a Fed rate cut a certainty, with growing calls for a jumbo 50 bps cut,” market expert Ajay Bagga told ANI.
Broader indices reflected the upbeat trend, with the Nifty Midcap 100 rising 0.34% and the Nifty Smallcap 100 up 0.32%. Sectoral indices also opened firm—Nifty Auto gained 0.45%, Nifty IT rose 0.31%, and Nifty Metal advanced 0.42%.
SEBI-registered analyst Sunil Gurjar noted that while Nifty 50 remains resilient, resistance at the 25,300 level will be key for sustaining the uptrend.
Globally, Asian markets rallied, with Japan’s Nikkei 225 surging over 1.5% and Hong Kong’s Hang Seng up 0.32%. South Korea’s KOSPI added 0.2%, and Taiwan’s Weighted Index gained 0.41%, though Singapore’s Straits Times edged down 0.05%.
Meanwhile, political developments in Japan and domestic outrage in South Korea over US immigration raids also added to the global market narrative.