SENSEX trades 328 points higher in early trade; NIFTY50 tests 24,530 levels; IT stocks Infosys, Tech Mahindra top gainers

The India stock market opened higher on Monday, September 1, powered by gains in information technology (IT) shares. The investors’ sentiment got a boost on the back of better-than-expected Q1 economic growth data.

India’s economy rose at 7.8% growth in the April-June quarter, aided by a robust performance of the services sector.

The market optimism also got a boost from India-China holding bilateral talks. Prime Minister Narendra Modi visited China to attend the two-day annual summit of the Shanghai Cooperation Organisation (SCO) beginning Sunday, where he held discussions with China President Xi Jinping amid rising US tariff concerns.

In the early session, the broader market was also seen trading higher, with both the Nifty Midcap 100 and Nifty Smallcap 100 surging 0.82% and 0.66%, respectively.

Among sectors, Nifty IT was the biggest contributor, rising 1.39%, followed by Nifty Consumer Durables (0.90%) and Nifty Metal (0.77%). On the other hand, Nifty FMCG (-0.32%) and Nifty Media (-0.10%) were the only losing sectors in the opening session.

On Friday, the foreign institutional investors (FIIs) sold shares worth ₹8,312.66 crore, while the domestic institutional investors (DIIs) bought equities worth ₹11,487.64 crore on a net basis, according to exchange data.

The foreign investors have pulled out ₹34,993 crore (around $4 billion) from Indian equity markets in August, making it the sharpest sell-off in six months. With this, the total outflow by FPIs in equities reached the ₹1.3 lakh crore mark so far in 2025, data with the depositories showed.

Globally, stocks in Asia were trading mixed on Monday after a tech selloff hit Wall Street Friday. Indices in China were trading higher after surveys showed a slight improvement in Chinese factory data, suggesting manufacturing is holding up despite higher US tariffs.

Hong Kong's Hang Seng was seen 1.87% higher, while the Shanghai Composite was trading up by 0.12%. South Korea's KOSPI and Japan’s Nikkei 225, however, slipped 1% and 1.95%, respectively.

Last week, the US stocks ended down on Friday while investors parsed inflation data showing tariffs have started feeding into prices.

The S&P 500 declined 0.64% to close at 6,460.26, Nasdaq slipped 1.15% to 21,455.55 level, while the Dow Jones Industrial Average fell 0.20% to end at 45,544.88.

As many as 2,654 stocks traded on the NSE during the early session, among which 1,925 were trading in the green, 649 were trading in the red, and 80 shares remained unchanged.

This indicates that the market breadth was in favour of positive.

Meanwhile, 64 stocks hit their one-year highs in the early trade, while 33 stocks touched their 52-week lows.

Further, 62 stocks also hit their lower circuits, while 31 stocks hit their upper circuits.

India VIX, the volatility gauge, was trading 0.68% higher at 11.83 levels.

As many as 41 stocks advanced in the early session on the NIFTY50 index, while 9 declined.

Infosys took the lead among gainers’ pack, jumping 2.03% followed by Tech Mahindra (1.53%), Adani Ports (1.42%), TCS (1.22%) and Power Grid (1.09%).

Meanwhile, Hindustan Unilever (-0.50%), Jio Financial Services (-0.48%), Reliance Industries (-0.46%), Sun Pharma (-0.39%) and ITC (-0.34%) were among the top losing stocks on the 50-share index.