Share Market Update: Stock Market starts week in the green, brings relief after six days of decline

The stock market opened higher on Monday after six days of decline. Expert insights suggest a possible short-term rebound, though sustained growth depends on global cues. Investors are advised to invest gradually in strong large-cap sectors and pharma.

New Delhi: The stock market started the week on a positive note on Monday. The S&P BSE Sensex rose 114.15 points to 80,540.61, while the NSE Nifty50 was trading 36.45 points higher at 24,691.15 (as of 9:24 am). This gain comes after six consecutive days of decline.

Market Weak, But a Bounce Possible

The market has consistently declined over the past six trading sessions, pushing the Nifty below the crucial 24,800 level and the market is now in an "oversold" position, which could lead to a small bounce back in the near future. But if the market is to move higher sustainably, positive news like a trade deal with the US will be necessary.

Markets Surge: Sensex jumps 368 points, Nifty nears 25,000 mark on strong cues

Top Gainers and Losers in Early Trading

Companies whose shares rose:

• Bharat Electronics Limited: Up 2.41%
• Eternal: Up 1.87%
• Tata Steel: Up 1.16%
• Titan: Up 1.13%
• Mahindra & Mahindra: Up 0.98%
• Companies whose shares fell:
• Hindustan Unilever: Down 2.27%
• Axis Bank: Down 1.58%
• ITC: Down 0.77%
• Asian Paints: Down 0.33%
• Bharti Airtel: Down 0.29%

Midcap and Smallcap Gains

Nifty Midcap100 gained 0.68% and Nifty Smallcap100 gained 0.72%. Additionally, the India VIX, a gauge of market volatility, rose 0.10%.

Sectoral Performance: Most Sectors Gained

Nifty Realty (1.03%) saw the biggest gain.

Other Gaining Sectors: PSU Banks (0.96%), Metals (0.94%), Oil & Gas (0.84%), Healthcare (0.50%), IT (0.48%), Media (0.40%), Auto (0.35%), Pharma (0.34%).

Falling Sectors: FMCG (down 0.74%) and Private Banks (down 0.09%).

Upcoming RBI Policy and Market Strategy

Dr. Vijayakumar stated that no major changes are expected in the RBI's monetary policy, scheduled for October 1st. Given the current economic situation, an interest rate cut is unlikely, but the RBI may use its language to support growth.

Investment Advice

According to experts, the market is currently inflated (high valuations). Therefore, investors should invest gradually in large-cap stocks such as automobile, banking, telecom, capital goods, and cement.

Stock Market Update: Markets open slightly higher; Sensex and Nifty recover after 4-day decline

The weakness in the pharmaceutical sector could be a good opportunity, as US patents and taxes on branded drugs will not impact India's generic drugs.

The stock market saw some relief on Monday, but its future direction will depend on the US trade agreement and RBI policy. Investors are advised to invest cautiously and gradually in promising sectors.