On Monday, the Sensex opened with a gain of 243 points, while the Nifty climbed above the 24,600 mark

Mumbai (Maharashtra) [India], August 19 : The Indian benchmark indices opened positively on Monday, reflecting the upbeat global stock market sentiments.

The Nifty 50 index rose by 0.39 percent, gaining 95.20 points to reach 24,636.35 at the opening session, while the BSE Sensex saw a surge of 243.41 points, or 0.30 percent, to 80,680.25.

Broader market indices, including Nifty Next 50, Nifty 100, Nifty 200, Nifty Midcap, and Nifty Small Cap, also opened on a positive note.

Among sectoral indices, Nifty Media led the gains with a 0.92 percent increase, making it the top performer in the opening session.

A report by ICICI Direct highlighted that during the last quarter's financial results, the top-performing sectors included Capital Markets, Consumer Durables, Electronic Manufacturing Services, and Waste Management.

Varun Aggarwal, MD of Profit Idea, commented, "The index is now nearing a resistance zone around 24,700, with the potential to fill the August 5th downside gap. A decisive move above 24,550 could lead to further gains, with targets around 24,700 and 25,000."

He added, "The Nifty 50's recent green candlestick pattern, coupled with its close above the 50-day EMA, suggests a bullish outlook. However, traders should focus on stocks consolidating at or below sector valuations for potential short-term gains."

Asian markets displayed mixed performances, with the Asia Dow up by 2.82 percent, Japan's Nikkei 225 down by 0.42 percent, South Korea's KOSPI slightly lower by 0.01 percent, and the Shanghai Composite up by 0.14 percent at the time of this report.

U.S. markets closed slightly higher on Friday, with the Nasdaq Composite up by 0.21 percent, the S&P 500 gaining 0.20 percent, and the Dow Jones Industrial Average rising 0.24 percent.

In the commodity market, oil prices dipped slightly, with WTI at USD 76.53 and Brent at USD 79.55. The U.S. Dollar Index traded 0.03 percent higher at 102.43.