Business · India Bureau
Indian bourses rise as Sensex, Nifty gain ground amid global headwinds
Domestic equity indices opened on a positive note with the Sensex climbing over 400 points and Nifty 50 trading above the 22,700 mark. The gains came as Asian markets declined and Wall Street finished lower due to concerns over artificial intelligence expenditures and elevated crude oil prices.
LSN India ·
India's stock market opened with renewed strength on Monday, bucking the broader Asian trend as the BSE Sensex rose more than 400 points in early trading. The NSE's Nifty 50 index maintained its position above the 22,700 level, signalling investor confidence in domestic equities despite mixed signals from international markets.
The outperformance of Indian bourses stood in contrast to the broader Asian sell-off, where regional markets retreated amid mounting concerns over the sustainability of artificial intelligence spending and surging crude oil prices. The elevated energy costs have weighed on investor sentiment across Asia, raising questions about inflationary pressures and central bank policy responses.
Wall Street's largely negative close further underscored global market caution, with major US indices finishing lower as investors reassessed technology spending commitments and digested the impact of higher oil prices on corporate earnings. The divergence between Indian and global markets highlighted the relative resilience of domestic equities and renewed investor interest in the country's economic prospects.
Analysts attributed the Indian market's strength to domestic factors and selective buying interest in key sectors. The gains suggest investors remain bullish on India's medium-term growth trajectory despite near-term global uncertainties and commodity price volatility.
Photo: The BSE (Bombay Stock Exchange) building on Dalal Street, Mumbai, January 2013. BSEINDIA via Wikimedia Commons (CC BY-SA 3.0).