Indian stock markets opened higher on Monday, supported by gains in banking and IT shares. Investor sentiment improved after RBI’s lending reforms.
At the opening bell, the Sensex rose 67 points to 81,274.79. Nifty advanced 22 points to 24,916.55. Bajaj Finance, HDFC Bank, Axis Bank, TCS, Infosys, and HCL Tech gained nearly 1 per cent.
Analysts said positive momentum came from RBI keeping the repo rate at 5.5 per cent. Inflation forecasts were lowered, while GDP growth outlook improved. Festive demand and capital market reforms also boosted confidence.
Market experts advised caution amid volatility. A buy-on-dips strategy was suggested, with partial profits booked on rallies. Corporate earnings, FOMC minutes, and US trade developments are expected to influence activity.
