Sensex, Nifty Open Higher as IT Stocks Lead Gains Despite Israel-Iran Tensions.
Indian equity benchmarks kicked off the week on a positive note, defying global geopolitical jitters stemming from the Israel-Iran conflict. Gains in heavyweight IT stocks supported the market’s upward momentum in early trade on Monday.
At 9:29 am, the BSE Sensex rose 257.49 points to 81,376.09, while the NSE Nifty50 advanced 83.20 points to 24,803.55, shrugging off global risk-off cues.
Market Mood: Calm Despite Conflict
While geopolitical tensions typically lead to market caution, sentiment remains relatively resilient. According to Dr. VK Vijayakumar, Chief Investment Strategist at Geojit Financial Services, global investors are showing restraint.
“Safe-haven buying is supporting gold, and the dollar remains weak. However, there’s no sign of panic in equities. A major disruption could occur only if Iran attempts to close the Strait of Hormuz — but that remains a low-probability risk for now,” he said.
🔼 Top Gainers (Sensex)
Power Grid Corporation: +1.17%
UltraTech Cement: +1.07%
Bharti Airtel: +0.89%
HCL Technologies: +0.86%
Larsen & Toubro: +0.83%
🔽 Top Losers
Tata Motors: -3.15%
Adani Ports: -0.69%
Axis Bank: -0.59%
Kotak Mahindra Bank: -0.31%
State Bank of India: -0.28%
Broader Market Check
Despite gains in frontline indices, the broader market witnessed some pressure:
Nifty Midcap 100: -0.38%
Nifty Smallcap: -0.79%
India VIX (Volatility Index): ↓ 2.80% (indicating calm)
Sector Snapshot
Winners:
Nifty IT: +0.54%
Oil & Gas: +0.16%
Financial Services: +0.04%
FMCG: +0.03%
Losers:
PSU Bank: -0.94%
Media: -0.84%
Auto: -0.67%
Metal: -0.46%
Realty: -0.37%
Private Bank: -0.21%
📈 Long-Term View: Opportunity in Volatility?
Dr. Vijayakumar suggested that such periods of geopolitical uncertainty could offer attractive opportunities for long-term investors.
“Despite risk-off cues, there’s no major exodus from equities — valuations remain elevated. Sustained retail flows and mutual fund investments suggest optimism. This is a good time to selectively accumulate quality stocks, especially in the financials sector.”
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