Nifty tops 25,000 as Samvat 2083 opens on a strong note
In short
Indian stocks started Samvat 2083 strongly, with the Nifty 50 above 25,000 and the Sensex above 81,000.
Foreign buying, lower crude prices and good earnings helped the rally, though the market may pause after the sharp rise.
What the reporting says
Indian equities entered Samvat 2083 on a strong note, with the Nifty 50 above 25,000 and the Sensex above 81,000 after their biggest weekly gains since 2021. The rally was supported by foreign buying, lower crude prices and solid earnings. Mint’s summary also said overbought conditions could lead to consolidation.
Why it matters
Indian equities opened Samvat 2083 with the Nifty 50 above 25,000 and the Sensex above 81,000 after their biggest weekly gains since 2021. It also warned that overbought conditions may trigger consolidation, which suggests the rally could cool after the recent run-up.