Delhi, 27 October (H.S.): Domestic stock markets exhibited a strong bullish trend in early trading on Monday, with both the Sensex and Nifty indices climbing significantly after a modestly positive start. An hour into the session, the Sensex was trading 0.68% higher, while the Nifty had gained 0.65%, driven by broad-based buying support.Leading the rally were several blue-chip stocks.

Shares of SBI Life Insurance, Reliance Industries, Bharti Airtel, Tata Steel, and Tata Motors Passenger Vehicles Ltd. (TMPV) were up between 1.34% and 3.20%. In contrast, Infosys, Kotak Mahindra, Bharat Electronics, Bajaj Finance, and ONGC were among the notable losers, with their shares declining between 0.73% and 0.92%.

Market breadth was firmly positive, with 1,672 of the 2,626 actively traded stocks advancing, while 954 were in decline. The bullish sentiment was reflected in the benchmark indices, where 22 of the 30 Sensex components and 36 of the 50 Nifty constituents were trading in the green.The BSE Sensex opened at 84,297.39, up 85.51 points.

Strong buying interest quickly propelled the index higher, and by 10:15 AM, it was trading at 84,781.94, a gain of 570.06 points. Similarly, the NSE Nifty 50 started the day 48.05 points higher at 25,843.20. By 10:15 AM, it had climbed 168.40 points to 25,963.55.

This morning’s positive performance follows a weak closing on Friday, when the Sensex fell 344.52 points (0.41%) to 84,211.88, and the Nifty dropped 96.25 points (0.37%) to end the week at 25,795.15.

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Hindusthan Samachar / Jun Sarkar