Market opens positive

Indian equity markets opened Monday’s trading session on a positive note with Sensex rising over 300 points and Nifty 50 also trading in the green.

Rupee strengthens

The Indian rupee strengthened at the start of Monday’s trade, rising nearly 1% to 95.76 against the US dollar after the Reserve Bank of India announced steps to reduce dollar demand.

Tech Mahindra falls

Tech Mahindra declined 4.48% to Rs 1,449.10, emerging as the biggest laggard in early trading.

Nifty slips below 22,500

The Nifty slipped below the 22,500 mark while the Sensex traded over 200 points lower in early Monday trading.

Crude oil prices higher

Crude oil prices traded 1.4% lower in early trading with Brent crude hovering around $103.30 per barrel, significantly higher than pre-war levels.

FII selling continues

Foreign institutional investors continued to be sellers, giving up equities worth Rs 3,568.90 crores on Friday according to NSDL data.

Dr. V K Vijayakumar's view

Dr. V K Vijayakumar, Chief Investment Strategist, Geojit Investments Limited, said the market is going through a stage where external headwinds dominate domestic tailwinds.

“The market is going through a stage wherein external headwinds are dominating the domestic tailwinds. Elevated crude prices and high US bond yields will continue to impact the market. FIIs will continue to sell in the near-term and DIIs will continue to absorb the FII selling.”

Technical support levels

Shrikant Chouhan, Head Equity Research, Kotak Neo, noted the Nifty faces strong resistance near 22,775 but technical support around 22,200 helps recovery.

“The benchmark indices witnessed a volatile week, but managed to close in positive territory. The Nifty gained 0.44%, while the Sensex advanced 562 points. Among sectoral indices, Capital Markets and FMCG outperformed, rallying nearly 2.5%. Realty and Metal remained under pressure, declining more than 3.5%.”

Premier Energies orders

Premier Energies received orders worth Rs 4,001 crore in Q2 FY27 from major power producers, module manufacturers, EPC companies, and other customers.

Poonawalla Fincorp profit surge

Poonawalla Fincorp reported a net profit for Q2FY27 that jumped over five times year-on-year to Rs 374.85 crore.

KEC International order win

KEC International received a new order worth Rs 1,014 crore for setting up a 765 kilovolt transmission line in western India.

DMart earnings

DMart reported an 8.5% year-on-year increase in consolidated net profit to Rs 742.98 crore for Q2FY27 with revenue rising 17.8% to Rs 19,644 crore.

Silver rate today

Silver prices in India were at Rs 225.73 per gram on Monday with COMEX silver trading higher at $61.51 per ounce.

Gold rate today

The rate for 24-carat gold today in India is Rs 1,51,440 per 10 grams with 18-carat gold at Rs 1,13,580 per 10 grams.