Stock Market Updates: Sensex Jumps 200 Points, Nifty Above 25,550; Infosys, HCL Lead Gains

Sensex Today: Indian stock markets opened on a positive note on Monday, tracking firm global cues. The BSE Sensex rose 242 points (0.29%) to 83,458, while the Nifty50 advanced 65 points (0.25%) to 25,557.

In the broader market, the Nifty MidCap index gained 0.26%, and the Nifty SmallCap index climbed 0.38%.

All sectoral indices were trading in the green, led by strong gains in the Metal and PSU Bank indices.

Global Cues

Across Asia, equities were trading higher after last week’s sharp selloff triggered by concerns over stretched valuations in artificial intelligence (AI) stocks. Japan’s Nikkei 225 gained 0.9%, South Korea’s KOSPI advanced 2.5%, while Hong Kong’s Hang Seng rose 0.33%.

Overnight, US markets ended mixed amid worries about economic growth and elevated valuations in technology shares. The S&P 500 added 0.13%, the Dow Jones inched up 0.16%, while the Nasdaq Composite slipped 0.21%.