Sensex, Nifty Open Higher On Fed Rate Cut Hopes

(RTTNews) - Indian shares opened on a firm note Monday as in-line U.S. inflation data reinforced expectations of further rate cuts by the Federal Reserve.

The benchmark BSE Sensex was up 335 points, or 0.4 percent, at 80,761 in early trade, while the broader NSE Nifty index edged up by 111 points, or half a percent, to 24,766.

Glenmark, Sun Pharma and Granules India were moving higher after announcing voluntary recall of certain products in the American market over manufacturing issues.

NTPC gained 1 percent. The company has appointed a consultant to identify uranium mines overseas following a formal agreement with Uranium Corporation of India.

LIC rose about 1 percent on news that the insurer has attracted inflows of over Rs. 1,100 crore on the first day after the GST was scrapped on individual traditional life insurance policies.

Oil India jumped nearly 2 percent as it confirmed the 'occurrence' of natural gas in a key offshore exploration well drilled in the Andaman basin.

Tata Power added 1 percent after its renewable energy subsidiary signed a pact with Bank of Baroda to provide financing solutions for MSMEs and Commercial & Industrial (C&I) units purchasing solar equipment and projects.

Bharat Electronics rallied 2.5 percent. The Indian Army has issued a tender to buy five to six regiments of the 'Anant Shastra' surface-to-air missile weapon systems to bolster air defense along borders with Pakistan and China.

Sunteck Realty advanced 3 percent after launching an ultra-luxury residential brand, 'Emaance'.

Azad Engineering climbed 3 percent on securing a $73.47 million contract from Mitsubishi Heavy Industries for turbine airfoils.

Hindustan Unilever dropped 1 percent on reporting a dip in sales for Q2FY26 due to the rollout of GST 2.0 reforms.