Indian markets started the week on a positive note. After five weeks of losses, Sensex and Nifty 50 opened higher on Monday. Buying in metal and auto stocks helped lift sentiment.
By 10:20 a.m. IST, the Sensex stood at 80,754, up 0.18 percent. The Nifty 50 was at 24,632, rising 0.28 percent. Mid-cap and small-cap stocks also moved up, both gaining around 0.4 percent.
What Drove the Rise
Investors turned to metals and autos. The Nifty Metal index jumped 1.6 percent while the Nifty Auto index climbed 1.1 percent. Tata Steel, Hindalco, JSW Steel, Mahindra & Mahindra, and Tata Motors were among the early gainers.
The market shrugged off trade worries for now. Last week, the U.S. announced a 25 percent tariff on certain Indian exports. While this could hurt exporters, local investors seemed focused on cyclical sectors.
Weak U.S. jobs data also played a role. Traders are betting that the Federal Reserve might cut interest rates in September. Lower U.S. rates often bring more foreign money into Indian equities.
Sector Moves
Metals and autos led the rally. IT stocks, on the other hand, were under pressure. Concerns over global demand and spending cuts in the U.S. weighed on software companies.
Mid-cap and small-cap indices posted modest gains too. Banking, power, and FMCG counters saw selective buying.
Market Mood Ahead
Analysts expect a choppy week. Investors are watching how new U.S. tariffs could affect Indian companies. Corporate earnings and global cues will be key drivers in the coming days.
