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Sensex, Nifty Start Week Higher on Policy Signals and Strong Asia

Traders cited recent GST reductions alongside a softer tone from President Donald Trump toward India as catalysts for the early bounce.

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Overview

  • After a strong week (Sensex +901.11 points; Nifty +314.15), benchmarks opened in the green on Monday, with the Sensex topping 81,000 and the Nifty touching 24,831 in early trade.
  • Regional cues were supportive as Japan, Hong Kong and South Korea advanced, even as U.S. stocks ended lower on Friday.
  • Gold set fresh records, with MCX 24-carat October futures near ₹1,07,740 per 10g and IBJA 24-carat rates at ₹1,06,338 after a weekly jump of about ₹3,900 per 10g.
  • JP Power hit a 5% upper circuit after reports named Vedanta the largest bidder for Jaypee Associates’ assets in a ₹17,000 crore process that still requires creditor and NCLT approvals.
  • Stock-specific action included JM Financial initiating Angel One at Buy with a ₹2,700 target, Nomura starting Swiggy at Buy with a ₹550 target, and Urban Company’s IPO GMP rising to about ₹28 ahead of the Sept 10–12 offer priced at ₹98–103.