Sensex, Nifty Scale Fresh Lifetime Highs in Early Trade
Indian equity benchmarks, the Sensex and Nifty, surged to fresh all-time highs in early trade on Monday, driven by robust GDP data and positive investor sentiment.
Key Takeaways
- Sensex jumped 452 points to a record 86,159.
- Nifty climbed 123 points to a lifetime high of 26,326.
- Rally fueled by India’s Q2 GDP growth of 8.2%, the fastest in six quarters.
Market Performance & Top Movers
The 30-share BSE Sensex soared 452.35 points to 86,159.02, while the 50-share NSE Nifty advanced 122.85 points to 26,325.80.
Major Gainers: Adani Ports, Bharat Electronics, Eternal, Tata Motors Passenger Vehicles, State Bank of India, and Kotak Mahindra Bank led the rally on the Sensex.
Notable Laggards: ITC, Bajaj Finance, Titan, and Tech Mahindra traded lower.
Strong GDP Fuels Optimism
The surge follows data showing India’s economy grew at a higher-than-expected 8.2% in July-September. This is the fastest pace in six quarters, boosted by front-loaded production ahead of GST rate cuts, which helped offset the impact of steep US tariffs.
“New record highs for the Nifty appear set to become the new norm, buoyed by India’s Q2 FY26 GDP print of 8.2% and broad-based sectoral strength,” said Prashanth Tapse, Senior VP (Research), Mehta Equities Ltd.
Global Market Context
In Asian markets, Shanghai and Hong Kong indices traded higher, while South Korea’s Kospi and Japan’s Nikkei were lower. US markets had ended higher on Friday.
Institutional Activity & Commodities
On Friday, Foreign Institutional Investors (FIIs) were net sellers, offloading equities worth Rs 3,795.72 crore. Domestic Institutional Investors (DIIs), however, were net buyers, purchasing stocks worth Rs 4,148.48 crore.
Brent crude oil prices jumped 1.62% to USD 63.39 per barrel.
In the previous session on Friday, the Sensex had settled marginally lower at 85,706.67, and the Nifty at 26,202.95.
