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Market opening bell: Indian equity benchmarks opened higher on Monday, buoyed by strong global cues following dovish remarks from US Federal Reserve Chair Jerome Powell. The BSE Sensex rose 227 points, or 0.28 per cent, to 81,533 in early trade, while the NSE Nifty50 climbed 68 points, or 0.27 per cent, to 24,938.

Gains were broad-based, with Infosys, Tech Mahindra, and TCS leading the charge on the Sensex. The Nifty IT index was the top-performing sectoral index, advancing 1.8 per cent. Other sectors showing strength included Nifty Realty (up 0.8 per cent) and Nifty Metal (up 0.5 per cent).

Market sentiment improved after Powell, speaking at the Jackson Hole symposium on Friday, left the door open for potential rate cuts amid signs of softness in the US labour market. However, he also flagged risks of persistent inflation, partly attributed to tariff measures introduced under former President Donald Trump.

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Broader markets also saw buying interest. The Nifty MidCap index rose 0.37 per cent, while the Nifty SmallCap index gained 0.35 per cent, reflecting positive participation across market segments.

The upbeat opening follows strength in Asian and US equities, which rallied on hopes of policy easing. Investors will now turn their attention to key global macro data and corporate earnings, which could influence short-term market direction.

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Senior Sub-editor at Zee Business English

shweta.shukla@India.com

Shweta Birendra Shukla is a journalist covering the stock market and corporate affairs, with prior stints at Business ...LATEST NEWSBy accepting cookies, you agree to the storing of cookies on your device to enhance site navigation, analyze site usage, and assist in our marketing efforts.