Sensex gains 300 points, Nifty up 0.37% as all sectors open in green

Stock Market Today: The domestic stock market indices opened in green ahead of inflation data along with positive global cues. The BSE’s 30-share Sensex surged as much as 315 points or 0.39 per cent in the first few minutes of the trade on Monday while NSE ’s Nifty 50 was trading nearly 100 points up with all sectoral indices trading in green. 

As of 09:31, Sensex was hovering at 81,644.87 with an upside of 263.51 points or 0.32 per cent while Nifty 50 was trading over the crucial 25,000 mark. The market was led by positive momentum in metal and IT stocks. 

The stock of Wipro , a leading IT company, surged 2.74 per cent in the early trade after the board of the company announced deliberation on bonus shares. On October 13, the company shared in an exchange filing that the board will mull issuing bonus shares to its shareholders in the next board meeting scheduled for October 17. 

The markets are also eyeing key indicators on Monday with Mukesh Ambani ’s Reliance Industries and IT major HCL set to report their earnings for the second quarter of the current fiscal (Q2FY25). According to market analysts, Reliance is likely to report a decline in operating profit for the last quarter due to contracting margins in the oil business while HCL may offset its declining profit in product segments with improved revenues from its services business. 

The inflation for the month of September is also set to be announced on Monday, likely to remain over the Reserve Bank of India’s mid-term target of 4 per cent, according to a Reuters poll.