- Sensex rises 194 points, Nifty50 breaches 25,250, setting new records.
- Financial and IT stocks drive market gains; Jio Financial surges 8%.
- U.S. economic data boosts investor sentiment, alleviating growth concerns.
India’s stock market continued its upward trajectory on Monday as the Sensex jumped by 194 points, reaching new record highs.
The Nifty50 also crossed the 25,250 mark, driven by strong performances in the financial and IT sectors. Key contributors included Jio Financial Services, which surged 8%, and ITC, which climbed 2%.
Nifty50 Crosses 25,250: Financials and IT Stocks Power the Market Rally
The positive market sentiment was further supported by recent U.S. economic data that alleviated fears of a slowdown. While there was some pullback in trading by mid-morning, gains in consumer goods and technology stocks helped maintain market momentum.
The rally in financial stocks was fueled by strong investor interest, particularly in Jio Financial, which surged by 8%. IT stocks also saw robust gains, reflecting optimism in the tech sector amid global economic recovery signals. Meanwhile, the consumer goods sector contributed to maintaining the market’s strength, even as mid-morning trading showed a slight pullback.
The broader market sentiment remained positive after upbeat U.S. economic data suggested that fears of a slowdown were overblown. The data renewed investor confidence in the global growth outlook, supporting further buying interest in Indian equities. As a result, gains across sectors helped to maintain the momentum throughout the trading session.
Despite the high levels, investors remain watchful of potential volatility, especially with ongoing global economic uncertainties. However, the focus remains on key sectors like finance, technology, and consumer goods, which are expected to continue driving the market in the near term.
The Indian stock market continues to impress as record highs are being set, thanks to strong sectoral performances. While caution persists, optimism remains in the air.
“Recent U.S. economic data has alleviated fears of a slowdown, boosting investor confidence in global growth and fueling the Indian stock market’s rally.”
