Markets open in the positive, Sensex up by 370 points; Nifty at 24,545

The Indian benchmark indices opened in the green on Monday, after tracking positive cues from the GIFT Nifty futures, which were up by 46 points at 24,624.50.

The BSE Sensex was up by 370 points, crossing the 80,100-mark, bringing it to 80,178.42, while the NSE Nifty50 was up by 0.45%, at 24,545, at the time of reporting.

Today's trading session will be tracking market triggers; on the domestic front, it would be the outcome of the GST Council meeting scheduled this week, and monthly auto sales reports, along with the GDP's Q1 performance. International triggers would be developments on the U.S. tariffs, crude oil prices, and U.S. jobs data.

The top gainers on the NSE are Infosys, Tech Mahindra, Bajaj Finance, TCS, and Adani Ports and Special Economic Zone, while the major laggards are Hindustan Unilever, Jio Financial Services, Sun Pharmaceuticals, Maruti Suzuki India, and Reliance Industries. Out of the 50 companies on the benchmark index, the stocks of 42 advanced, while the stocks of  eight declined.

The broader markets reflected similar positive sentiment; both the Nifty Midcap and the Nifty Smallcap were trading above 1% from their previous closing. India VIX, the yardstick that measures volatility in markets, too was down by 1%, bringing it to 11.63.

Sectoral indices on the NSE were trading in the green as well; the outlier was Nifty FMCG, which broke its winning streak in today's session, slipping by 0.16%. Nifty IT led the charge, rising by 1.40%, snapping its downtick streak.

Today's opening marks a relief from the previous week's performance, as the benchmark indices were dragged down because of weakened sentiment fuelled by U.S. tariffs. In the previous session, the Sensex declined by 0.34%, or 270.92 points, to close at 79,809.65, whereas the Nifty50 dipped by 0.30%, or 74 points, to 24,426.85.