• Source:JND
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Stock Market Today: Following the announcement that India's economy has grown to become the fourth largest in the world, benchmark indices the Sensex and Nifty, saw a sharp increase in early trading on Monday. In addition, the Reserve Bank declared a record dividend to the government of Rs 2.69 lakh crore for FY25 due to the early arrival of the monsoon. In early trading, the 30-share BSE benchmark gauge, the Sensex, surged 562.31 points to 82,283.39. The NSE Nifty increased 175.7 points to trade over 25,000.

The largest winners among the Sensex companies were Mahindra & Mahindra, Titan, Tata Motors, ICICI Bank, Tech Mahindra, NTPC, Power Grid, and Bajaj Finserv. Out of the 30-share pack, Eternal was the only one to fall behind.

In order to help the exchequer weather the challenges posed by US tariffs and increased defense spending as a result of the conflict with Pakistan, the Reserve Bank announced on Friday a record dividend of Rs 2.69 lakh crore to the government for FY25, which is 27.4% higher than 2023-24.

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While Shanghai's SSE Composite index and Hong Kong's Hang Seng quoted lower, South Korea's Kospi and Japan's Nikkei 225 index were trading in the positive zone in Asian markets. Friday saw a decline in US markets.

According to exchange data, foreign institutional investors (FIIs) purchased stocks on Friday for a total of Rs 1,794.59 crore. According to the India Meteorological Department (IMD), the southwest monsoon made its first appearance over the Indian mainland since 2009, when it arrived in the southern state on May 23. It made its first appearance in Kerala on Saturday.

The benchmark for world oil, Brent crude, increased by 0.32% to USD 64.99 per barrel. The benchmark for the 30-share BSE rose 769.09 points, or 0.95 per cent, on Friday to close at 81,721.08. To reach 24,853.15, the Nifty gained 243.45 points, or 0.99 per cent.

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