Sensex, Nifty open in green led by a rally in financial and bank stocks

The S&P BSE Sensex was up 343.70 points to 79,745.99, whiile the Nifty50 was up 66.05 points to 24,246.85.

Benchmark stock market indices started the week on a positive note as they opened in green, led by gains in heavyweight financial and banking stocks on Monday.

The S&P BSE Sensex was up 343.70 points to 79,745.99, whiile the Nifty50 was up 66.05 points to 24,246.85 as of 9:25 AM.

Shriram Finance emerged as the top gainer, surging by 3.86%, followed by BPCL which advanced 2.79%. Banking stocks showed strong momentum with ICICI Bank rising 2.08% and State Bank of India (SBI) gaining 1.63%. Hindalco rounded off the top gainers with an increase of 1.60%.

On the losing side, in early trade, Coal India led the declines with a drop of 2.28%, while ONGC fell by 1.17%. Engineering giant Larsen & Toubro (LT) declined by 1.14%, while JSW Steel slipped 1.01%. Eicher Motors showed a relatively smaller decline of 0.87%.