Sensex jumps 200 points, Nifty above 24,300:IT and banking lead rally

Indian benchmark indices started the week on a positive note on Monday, August 24, 2026. Strong buying in banking and IT stocks pushed the markets higher in early trade, defying weak cues from other Asian markets. The BSE Sensex rose over 200 points to trade at the 77,750 level. Meanwhile, the NSE Nifty50 gained more than 50 points, trading comfortably above the 24,300 mark. This positive start follows a flat trading session on Friday, August 21, when the Sensex ended just 3 points higher at 77,540, and the Nifty gained 20 points to close at 24,252. Primary Market Buzz: 3 IPOs Open Today The primary market is seeing heavy action today as three Initial Public Offerings (IPOs) open for public bidding. Investors can subscribe to these IPOs from today, August 24, until August 26. Together, these three companies aim to raise over ₹2,475 crore from the market. Institutional Activity: Domestic Investors Keep Buying Domestic Institutional Investors (DIIs) continue to support the Indian market with strong buying. Over the last seven trading sessions, DIIs purchased shares worth a net of ₹12,215 crore. On the other hand, Foreign Institutional Investors (FIIs) remain cautious but net positive over the last week. FII and DII Investment Flow (in ₹ Crore) Global Cues: Asian Markets Slide, US Markets Closed Higher While Indian markets opened in the green, major Asian markets faced selling pressure this morning, led by sharp declines in South Korea’s KOSPI and Hong Kong’s Hang Seng. Asian Markets Today (August 24) In contrast, US markets closed on a positive note on Friday, August 21, with the Dow Jones gaining nearly 1%. US Markets Previous Close (August 21)