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Indian benchmark indices rebounded on Monday after three consecutive sessions of losses, supported by firm global cues; Key points for investors
Why is Market Rising Today?
Why Is Market Rising Today? Indian benchmark indices rebounded on Monday after three consecutive sessions of losses, supported by firm global cues and renewed optimism over a potential resolution to the US government shutdown.
At around 11:30 a.m., the Sensex gained 495.82 points (0.60%) to 83,712.10, while the Nifty50 advanced 152.25 points (0.60%) to 25,644.55.
Asian Paints, TCS, Wipro, Grasim Industries, and Coal India were among the top gainers, rising up to 2%. Market breadth remained positive, with 1,841 stocks advancing, 1,815 declining, and 183 remaining unchanged on the BSE.
Key Drivers Behind Monday’s Rally
Global cues lift sentiment: Investor confidence improved as Asian markets rose and global equities turned positive. Wall Street futures gained up to 1.2%, buoyed by hopes of a breakthrough in the 40-day US government shutdown. IT stocks led the domestic rally, with the Nifty IT index climbing nearly 2%.
“Optimism surrounding a potential resolution of the prolonged U.S. government shutdown has aided market sentiment,” said Abhishek Goenka, Founder and CIO of Billionz, in a statement to Reuters.
Across Asia, South Korea’s Kospi surged 3%, Japan’s Nikkei 225 rose 1%, and Hong Kong’s Hang Seng added 0.47%.
FII buying returns: Foreign Institutional Investors (FIIs) turned net buyers after six sessions of selling, purchasing equities worth Rs 4,581.34 crore on Friday. The return of foreign inflows provided a key boost to market sentiment.
Goldman Sachs upgrade lifts confidence: Global brokerage Goldman Sachs upgraded India to ‘Overweight’ from ‘Neutral’ after 13 months, citing macroeconomic stability and a strong growth outlook. The firm set a Nifty50 target of 29,000 by December 2026, implying a potential upside of about 14% from Friday’s close — further strengthening investor optimism, especially in large-cap and growth-oriented sectors.
Nifty Technical Outlook: “Despite a few uncertain moments early in the day, the 25,400 zone invited bulls to regroup. A move beyond 25,630–25,650 will confirm further upside potential. Key supports are placed at 25,200 and 25,088,” said Anand James, Chief Market Strategist, Geojit Financial Services.
Aparna Deb is a Subeditor and writes for the business vertical of News18.com. She has a nose for news that matters. She is inquisitive and curious about things. Among other things, financial markets, economy, a…Read More
Aparna Deb is a Subeditor and writes for the business vertical of News18.com. She has a nose for news that matters. She is inquisitive and curious about things. Among other things, financial markets, economy, a… Read More
November 10, 2025, 12:25 IST
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