New Delhi. On Monday, the first trading day of the week, the Indian stock market opened on a green note. Indian indices opened at new record levels. Talking about the BSE Sensex, this index is trading at 82,570.06, up 204.29 points or 0.25 percent.
The NSE Nifty index rose 67.60 points or 0.27 percent to reach 25,303.50. While the Sensex jumped 360 points in early trade on Monday; on the other hand, the Nifty crossed 25300 for the first time. The 30-share BSE Sensex jumped 359.51 points to a new record peak of 82,725.28 during early trade. The NSE Nifty climbed 97.75 points to a new all-time high of 25,333.65.
This rise in the market came from buying in IT and financial services sector stocks. The reason for the rise in the stock market on Monday was also the strong GDP data released on Friday. Amidst global challenges and economic slowdown, the performance of the Indian economy was commendable in the first quarter of the financial year 2024-25. The GDP growth rate of the Indian economy was 6.7% in the April to June quarter.
On the other hand, the rupee fell 3 paise to 83.88 against the US dollar in early trade on Monday amid fluctuations in crude oil prices. Foreign exchange traders said that fluctuations in international dollar trade and limited fluctuations in Brent crude rates contributed to the decline in the domestic currency in early trade.
