Domestic equity benchmarks opened on a strong note today, buoyed by positive sentiment following India’s climb to the position of the world’s fourth-largest economy. At 9:32 am, the Sensex surged 640.3 points or 0.78% to 82,361.46, while the Nifty rose 187.39 points or 0.75% to 25,040.45.

Broad-based gains were seen across sectors. The Nifty Bank index advanced 408.25 points to 55,806.50. The Nifty Midcap 100 added 426.60 points to 57,114.35, and the Nifty Smallcap 100 rose 145.90 points to 17,789.25.

Analysts noted that India’s rise in global economic rankings has provided a sentiment boost to investors. Additionally, the Reserve Bank of India's larger-than-expected dividend payout to the government is expected to aid in containing the fiscal deficit within the 4.4% target for FY26.

“This development supports the ongoing low inflation trend and expectations of a rate cut cycle, which are favourable for equities,” said VK Vijayakumar, Chief Investment Strategist at Geojit Financial Services. He also pointed out that while foreign institutional investors (FIIs) showed strong buying earlier in May, recent flows have turned unpredictable.

Among the top Sensex gainers were M&M, PowerGrid, NTPC, Tata Motors, ICICI Bank, and Tech Mahindra. Eternal was the sole stock trading in the red.

Asian markets showed a mixed trend: Tokyo, Seoul, and Bangkok traded higher, while Hong Kong, Jakarta, and Shanghai were in the red. On Wall Street, major indices closed lower in the previous session.

FIIs were net buyers on May 23 with inflows of ?1,794.59 crore, while DIIs added ?299.78 crore. Market focus this week will remain on India’s GDP figures, US Fed minutes, and key inflation data.

Domestic equity benchmarks opened on a strong note today, buoyed by positive sentiment following India’s climb to the position of the world’s fourth-largest economy. At 9:32 am, the Sensex surged 640.3 points or 0.78% to 82,361.46, while the Nifty rose 187.39 points or 0.75% to 25,040.45.

Broad-based gains were seen across sectors. The Nifty Bank index advanced 408.25 points to 55,806.50. The Nifty Midcap 100 added 426.60 points to 57,114.35, and the Nifty Smallcap 100 rose 145.90 points to 17,789.25.

Analysts noted that India’s rise in global economic rankings has provided a sentiment boost to investors. Additionally, the Reserve Bank of India's larger-than-expected dividend payout to the government is expected to aid in containing the fiscal deficit within the 4.4% target for FY26.

“This development supports the ongoing low inflation trend and expectations of a rate cut cycle, which are favourable for equities,” said VK Vijayakumar, Chief Investment Strategist at Geojit Financial Services. He also pointed out that while foreign institutional investors (FIIs) showed strong buying earlier in May, recent flows have turned unpredictable.

Among the top Sensex gainers were M&M, PowerGrid, NTPC, Tata Motors, ICICI Bank, and Tech Mahindra. Eternal was the sole stock trading in the red.

Asian markets showed a mixed trend: Tokyo, Seoul, and Bangkok traded higher, while Hong Kong, Jakarta, and Shanghai were in the red. On Wall Street, major indices closed lower in the previous session.

FIIs were net buyers on May 23 with inflows of ?1,794.59 crore, while DIIs added ?299.78 crore. Market focus this week will remain on India’s GDP figures, US Fed minutes, and key inflation data.