Reliance and IT Stocks Drive Market Rally: Investors Gain ₹2.25 Lakh Crore in Minutes

The Indian stock market witnessed a strong intraday rally on Monday, with benchmark indices Sensex and Nifty moving higher despite global uncertainty and recent volatility in global cues.

Early trading showed robust momentum, with the Sensex rising by nearly 447 points to 77,249.27, while the Nifty 50 gained around 130 points to trade at 24,142 at 9:23 AM. Overall, both indices were up by approximately 0.4% to 0.5%.

Market Surge Led by Heavyweights

The rally was primarily driven by strong buying in major index stocks, especially from the IT and energy sectors.

Key gainers included:

• Reliance Industries

• Infosys

• HCL Technologies

• Tech Mahindra

These stocks rose between 1% and 3%, helping lift overall market sentiment.

On the other hand, Power Grid Corporation of India was among the notable laggards, slipping around 0.6%.

Investors Gain ₹2.25 Lakh Crore

The sharp upmove in equities added significant value to investor portfolios. Within minutes of the opening rally, market capitalization increased by more than ₹2.25 lakh crore, reflecting strong buying interest across sectors.

Broader markets also participated in the rally:

• Nifty Midcap 100 gained over 0.4%

• Nifty Smallcap 100 rose more than 0.4%

Almost all sectoral indices traded in the green, with Nifty IT emerging as the top performer, rising over 1%.

Mixed Global Signals Behind Volatility

The previous week saw pressure on global markets after Accenture’s weak revenue guidance triggered concerns in the IT sector. However, Monday’s recovery suggests renewed buying interest in domestic equities.