Sensex and Nifty rise as auto and metal stocks lead India stock market rally. | Image:
Freepik
Stock Market Today: Indian equity benchmarks opened higher on Monday, supported by firm global cues, optimism over potential improvement in US–India relations under the Trump and Modi administrations, and strong buying in auto and metal shares.
At 10:44 am, the BSE Sensex traded at 80,882.84, up 172.08 points or 0.21%, while the Nifty 50 was at 24,805.10, gaining 62.65 points or 0.25%.
Broader indices mirrored the upbeat sentiment, with the Nifty 100, Nifty Midcap 100, and Nifty Smallcap 100 all advancing between 0.26% and 0.34% in early trade.
Auto Stocks Shine on GST Rate Cut Hopes
The government’s recent GST rate cut announcement provided a strong boost to the auto sector. The Nifty Auto index surged 2.14% to 26,883.70, making it the top-performing sector of the day.
Major gainers included Bharat Forge (+5.60%), Ashok Leyland (+4.75%), and Tata Motors (+3.25%). Investors expect that lower GST rates will translate into higher demand for cars, two-wheelers, and auto components ahead of the festive season.
Other auto majors such as M&M (+2.29%), Hero MotoCorp (+2.17%), Bajaj Auto (+2.10%), TVS Motor (+1.86%), and Maruti (+1.07%) also advanced. On the BSE, the Auto index jumped nearly 2% to 60,043.18, reflecting broad-based optimism.
Metal Sector Rallies After Brokerage Upgrade
Metal shares also extended gains after Morgan Stanley raised target prices for key steel producers, citing an improving demand outlook and expectations of firm domestic steel prices. The Nifty Metal index advanced 1.21% to 9,798.90, while the BSE Metal index climbed 1.17% to 32,541.69.
Top performers included SAIL (+4.26%), Tata Steel (+2.49%), and JSW Stee
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