Indian stock markets opened October with cautious optimism after September’s volatile swings.
The Sensex climbed nearly 350 points in morning trade, supported by strong banking and IT stocks.
Nifty 50 also rose above the 24,100 mark, signaling positive sentiment among large-cap investors.
Traders attributed the rebound to strong GST collection numbers released a day earlier.
September’s GST revenue crossed ₹1.82 lakh crore, showing resilience in consumption dem
and.
Energy and auto stocks also contributed to the early rally, reflecting sector-wide optimism.
Global cues remained supportive as U.S. bond yields softened slightly.
Investors hope the new month will bring more stability to domestic markets.
However, volatility may return ahead of RBI’s upcoming policy meeting.
Overall, the start of October has been encouraging for equity investors.