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India’s stock market skyrocketed on Monday as stellar GDP growth figures propelled Sensex and Nifty to fresh all-time highs. The benchmark indices opened with explosive momentum, with Sensex touching 86,159 and Nifty hitting 26,325.
Sensex–Nifty Hit Record Highs as GDP Data Fuels Market Rally
Mumbai: The Indian stock market got off to a strong start on the first trading day of the week. Investors were buoyed by the country's impressive GDP growth figures, and this momentum pushed the market to new heights. Both the Sensex and Nifty broke all previous records upon opening and were seen trading at new highs. As soon as trading began, a bullish sentiment prevailed in the market.
The 30-share BSE Sensex opened at 86,065.92, a strong gain from its previous close of 85,706.67. Within minutes, the index touched 86,159.02, its new 52-week high. Positive economic signals and strong buying by investors played a key role in pushing the index to record highs.
India’s GDP soars to 8.2%, smashes all growth estimates
The National Stock Exchange's Nifty-50, like the Sensex, opened with a gap-up opening, rising to 26,325.80 from its previous close of 26,202.95. This became its new 52-week high. The market witnessed strong buying in the financial, metal, infrastructure, and energy sectors, helping the Nifty maintain its upward momentum.
Strong second-quarter (Q2) GDP growth data released last week energized the market. India's real GDP growth in the second quarter of FY 2025-26 was 8.2%, significantly higher than the 5.6% growth in the same period last year. This jump proved to be a major positive sign for the market, and investors bought heavily.
The better-than-expected GDP growth has boosted foreign investor confidence, while domestic investors also participated strongly in the rally.
Amidst the bullish sentiment, several major stocks rocketed higher. These stocks demonstrated impressive gains in early trading.
Large-cap stocks gained:
These companies traded with high volume and contributed significantly to the overall market rally.
Mid-cap stocks saw strong gains:
Mid-cap stocks saw strong buying, especially in chemical, engineering, and auto component stocks.
Smallcap stocks saw a strong rally.
Market opens strong as Nifty sets new record peak; Click for details
Several stocks in the smallcap index saw double-digit buying, further boosting investor confidence.
Excellent GDP growth figures have revitalized the stock market. Record openings for the Sensex and Nifty indicate that the Indian economy is on a strong path and the market may continue its upward trend in the coming days. Investors will now be watching global cues and upcoming economic data.