Opening bell: Markets open in green amid positive global cues; Sensex at 62,889.90, Nifty at 18,609.90

Markets on Monday opened higher with the Sensex at 62,889.90, up 388.21 points and the Nifty at 18,609.90 with a gain of 110.55 points. Mahindra and Mahindra, TCS, HDFC, IndusInd Bank and Wipro were the top winners from the morning session.

Shares of Adani Transmission, Rail Vikas Nigam, IRCTC, Torrent Power and NHPC will be in the spotlight when the companies announce their latest quarter results today.

markets on friday

Thanks to increased buying by foreign institutional investors, the Sensex rose 623 points to end the week at 62,496. Nifty also rose 0.94% to hit 18,495 points at the close, boosted by a rally in global markets and gains in US stocks.

global markets

Wall Street stocks on Friday, after being on the low end, rose sharply as the US debt ceiling advanced and chip stocks gained for a second straight day on optimism surrounding AI . The Nasdaq Composite rose 2.19 percent to 12,975.69, the S&P 500 closed higher at 4,205.45 and the Dow Jones Industrial Average rose to 33,093.34.

With US debt talks nearing a deal, Asian markets were in the green on Monday. Singapore's SGX Nifty saw a gain of 159 points at 18,707, South Korea's KOSPI was comparatively flat with a gain of 4.12 points at 2,558.81 and Japan's Nikkei 225 was in the green with a gain of 159 points. to 31,330.63. However, Hong Kong's Hang Seng was at 18,723.72 down 23.20 points.

oil prices

Oil prices on Monday were higher after US leaders made a tentative decision to avoid a debt default. Brent crude futures were up 39 cents at $77.34 a barrel and US West Texas Intermediate crude was at $73.12 a barrel with a gain of 45 cents.

Rupee

The Indian rupee on Monday opened flat at 82.58 to the dollar from Friday's close of 82.57.