The Indian stock market started the week on a positive note, with benchmark indices opening in the green on Monday. This rally was driven by positive sentiment in global markets.
The S&P BSE Sensex rose by 0.3% to reach 74,076.76 points, while the NSE Nifty50 increased by 0.2% to reach 22,522.30 points.
Kotak Mahindra Bank emerged as the top gainer, with its stocks surging close to 5%. At 10:16 AM, shares of the private lender were trading at Rs 1,622.
Britannia Industries also witnessed a significant increase of 3% after reporting higher-than-expected profits in its latest financial report. This growth was fueled by steady demand from urban consumers.
However, not all stocks fared well in the market. Titan, NTPC, Adani Enterprises, SBI, and PowerGrid were among the top losers during the trading session.
The positive momentum in Asian markets mirrored gains seen on Wall Street on Friday. Weaker-than-expected US jobs data eased concerns about prolonged high-interest rates, boosting investor confidence across Asian markets.
