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The Indian stock market opened on a positive note on Monday, supported by firm global trends and selective buying in blue-chip counters.

At 9:15 AM, the BSE Sensex was trading at 84,297.39, up 85.51 points or 0.10 per cent from its previous close of 84,211.88. The NSE Nifty also gained 60.40 points or 0.23 per cent to open at 25,855.55 against the previous close of 25,795.15.

In early trade, 1,560 stocks in the Nifty pack were trading in the green, while 824 stocks were in the red. About 123 stocks remained unchanged, indicating a moderately positive market breadth.

The Gift Nifty, which serves as an early indicator for the Nifty 50, suggested a firm opening as it started 37.5 points higher at 25,882, against the previous close of 25,844.50.

On October 24, Foreign Institutional Investors (FIIs) were net sellers of equities worth Rs 621.51 crore, while Domestic Institutional Investors (DIIs) turned net buyers, purchasing shares worth Rs 173.13 crore.

Asian equities opened higher, extending gains from the previous week. Japan’s Nikkei 225 surged past the 50,000 level for the first time, climbing 1,021.35 points or 2.07 per cent to 50,321. Hong Kong’s Hang Seng added 302.85 points or 1.16 per cent, while South Korea’s Kospi gained 79.07 points. China’s Shanghai Composite Index was also in the green, up 41.04 points or 1.04 per cent.

Abhay Shukla is a Senior Sub-Editor at Zee Business, where he covers the stock markets, corporate news, personal finance, technology, and auto sectors.

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