New Delhi, Apr 27 (BNP): Indian equity markets opened on a strong note Monday, recovering after three consecutive sessions of losses, even as rising crude prices and ongoing geopolitical tensions weighed on global sentiment.
The BSE Sensex surged by over 500 points in early trade, reaching around 77,200, while the NSE Nifty 50 moved past the psychologically important 24,000 mark, gaining nearly 170 points.
The rebound was largely supported by buying interest in heavyweight stocks, particularly Sun Pharmaceutical Industries, which saw its shares rise sharply. The rally followed the company’s announcement of a major acquisition deal involving US-based Organon & Co.. The transaction, valued at approximately $11.75 billion, is structured as an all-cash deal and is expected to strengthen Sun Pharma’s global presence.
Market sentiment also improved in line with positive cues from international equity markets, where investors showed resilience despite concerns over elevated crude oil prices and geopolitical uncertainties.
Overall, the early gains suggest a cautious return of investor confidence, although volatility may persist given the broader global risk environment.
