Markets open higher on auto stocks’ surge and global economic data optimism – Times of India

Indian markets kicked off the week on a positive note, with a strong opening driven by promising sales growth expectations in the auto sector. Investors are also closely monitoring the upcoming release of inflation data from the US and China, as well as the forthcoming monetary policy decision by the Reserve Bank of India later this week.

The benchmark 30-share BSE Sensex surged by 210.43 points, reaching 65,931.68 in early trade. Similarly, the NSE Nifty also saw a notable uptick, gaining 66.1 points to reach 19,583.10.
The major gainers from the Sensex pack were companies like Mahindra & Mahindra, Sun Pharma, Larsen & Toubro, NTPC, ICICI Bank, UltraTech Cement, Wipro, Tata Consultancy Services, HCL Technologies, and Reliance Industries.

Nestle, Tata Steel, ITC, IndusInd Bank, Power Grid, and Bajaj Finance were among the laggards.
In the Asian markets, Tokyo and Hong Kong showed positive signs with gains, whereas Seoul and Shanghai were experiencing downward trends.
The US markets closed lower on Friday.