Stock Markets Kickstart the Week on a High Note

The stock market witnessed an exhilarating start to the week, with the Sensex skyrocketing by over 1,300 points. Opening at a remarkable 76,852.06, up by 1,694.80 points, and the Nifty50 not far behind, climbing 539.80 points to 23,368.35. This surge comes after a day's break on Monday for Ambedkar Jayanti, following a strong closing the previous Friday.

Global Cues and Domestic Optimism Fuel the Rally

Market sentiment was buoyed by positive global cues and the anticipation of additional trade allowances from the US, particularly in the semiconductor and electronics sectors. Ajay Bagga, a Banking and Market Expert, highlighted the Indian markets' resilience and the potential for foreign portfolio investment inflows once US policies become clearer.

US Markets and Global Financial Responses

Meanwhile, the US markets ended positively, with significant gains across the Dow Jones, NASDAQ, and S&P 500. Temporary duty exemptions on essential electronics by US customs authorities have added to the optimistic outlook, though these measures are noted as not permanent.

Indian Investors Remain Bullish

Despite challenges, Indian investors continue to show confidence in the market, with substantial contributions to equity mutual funds and a keen eye on upcoming quarterly results from major corporations.

Asian Markets Join the Upward Trend

Asian markets also reflected positive movements, with notable gains in Taiwan, South Korea, Japan, and Hong Kong, underscoring a broader regional optimism.