New Delhi, 02 November (H.S.): Domestic equity markets witnessed a powerful rally in early trading on Monday, with both benchmark indices, the Sensex and the Nifty, registering substantial gains. The markets opened the first trading session of the week on a strong note, and buying gathered momentum soon after the opening bell, lifting both indices further.
The rally, supported by strong quarterly results from Reliance Industries, gathered pace as investors stepped up buying across several sectors. Amid sustained trading activity, the Sensex was up 1.27 per cent and the Nifty had gained 1.10 per cent at around 10 am.
The BSE Sensex opened at 75,178.24, marking a robust gain of 718.71 points, or 0.97 per cent. Buying activity intensified soon after trading commenced, with sharp gains in heavyweight stocks, particularly Reliance Industries, providing an initial boost to the market. Within the first few minutes, the index climbed to an intraday high of 75,489.70.
Amid continued buying and selling activity, the Sensex was trading at 75,401.53 at around 10 am, up 942 points, or 1.27 per cent.
The NSE Nifty also opened on a strong note, gaining 169.20 points, or 0.73 per cent, to begin trading at 23,222.30. Strong buying in heavyweight stocks such as Reliance Industries, Tata Steel and the State Bank of India (SBI) provided further momentum to the index. Supported by broad-based buying, the Nifty climbed to an early high of 23,330.70. By around 10 am, it was trading at 23,305.55, up 252.45 points, or 1.10 per cent.
A total of 2,966 stocks were actively traded in the market at the time. Of these, 2,134 were trading in positive territory, while 832 were in the red. Among the 30 Sensex constituents, 25 were advancing and five were declining. Similarly, 40 of the 50 Nifty constituents were trading with gains, while 10 registered losses.
Among the market's leading gainers at around 10 am, Reliance Industries topped the list with a sharp rise of 6.76 per cent. Tata Steel advanced 4.24 per cent, Max Healthcare gained 3.91 per cent, Jio Financial Services rose 3.61 per cent, and NTPC climbed 3.11 per cent.
Despite the broader market rally, some stocks remained under selling pressure. Sun Pharmaceutical Industries was the biggest laggard, declining 1.33 per cent. Apollo Hospitals fell 1.09 per cent, Eicher Motors slipped 0.60 per cent, Bajaj Auto declined 0.45 per cent, and Adani Ports lost 0.41 per cent.
In the previous trading session on Friday, the Sensex had closed at 74,459.53, gaining 308.49 points, or 0.42 per cent. The Nifty had also ended the session higher, rising 116.35 points, or 0.51 per cent, to settle at 23,053.10.
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Hindusthan Samachar / Jun Sarkar
