Opening Bell: Sensex opens above 59,000, Nifty goes past 17,600 in opening trade

The Indian markets started Monday's session on a strong note amid positive global cues. Domestic equity benchmarks Nifty and Sensex opened at 17,619.10 and 59,103.72, respectively. The Nifty Bank also gained nearly 400 points to open above 37,500.

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Powergrid, NTPC, Axis Bank, Sun Pharma, ICICI Bank, Tata Steel, Hindalco were top gainers, while Nestle India, Bajaj Finance and Tech Mahindra and Reliance declined te most.

In the pre-open session, the Sensex was trading 300 points or 0.54% higher at 59,103.72.

Earlier, SGX Nifty Futures was trading over 120 points higher at 9.10 am, hinting at positive opening for the Indian markets.

Earlier, Asian markets were off to a good start on Monday as most of them traded in the green. Japanese Nikkei 225 was trading 1.10% or 313 points up to 28,751, Hang Seng Index at the Hong Kong Exchange was also 0.99% higher, while Shanghai Composite was 0.65% up around 7.15 am this morning.

Earlier on Friday, the Wall Street saw strong closing as Dow Jones ended 216 points or 0.60% higher at 35,971, Nasdaq Composite scaled 113 points or 0.73% to 15,631, while S&P 500 closed on record high after gaining 0.99% or 44.57 % to 4712.02