Indian equity markets kicked off the week with a strong rally as the Sensex surged over 900 points and the Nifty 50 comfortably traded above the 24,900 mark, fueled by robust buying in auto, telecom, and financial stocks.
🔍 Market Highlights (As of Midday):
- Sensex up 900+ points, trading near 83,450
- Nifty 50 above 24,920, nearing all-time highs
- Ashok Leyland jumped 8% on strong sales outlook and volume growth
- Vodafone Idea rallied 9% amid positive market buzz and fund-raising hopes
đź’Ľ Top Gainers:
- Ashok Leyland: +8%
- Vodafone Idea: +9%
- Maruti Suzuki, Hero MotoCorp, and L&T also saw strong buying interest
đź“Š Sector Check:
- Auto stocks surged as demand optimism and GST-related reforms lifted sentiment
- Telecom sector gained traction on relief expectations and investment news
- Bank Nifty traded higher, led by select PSU and private lenders
📢 Expert View:
“The broader market momentum is being supported by domestic tailwinds — improving macro indicators, GST benefits, and strong Q1 earnings in auto and telecom,” said Meera Shah, Senior Analyst at Kotak Securities.
đź”® Outlook Ahead:
Analysts expect Nifty to test 25,000 in the near term, while volatility may increase ahead of global central bank comments and crude oil price movements. Traders are advised to stay stock-specific and watch for consolidation near highs.
