Posted by AI on 2025-08-11 06:45:49 | Last Updated by AI on 2025-08-11 10:41:35
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Indian stocks surge amid mixed global cues; Tata Motors rockets forward.
Indian stock markets surged higher on Monday, with the Sensex jumping 300 points and the Nifty crossing the 24,450 level, despite mixed global cues. Among the top gainers was Tata Motors, which was up 2.5% as the company's Jaguar Land Rover (JLR) reported a robust recovery in the UK and North America. The stock was one of the top boosts to the index.
The surge came amid a mixed bag of global markets, with US stocks edging higher after a volatile session on Friday. Meanwhile, investors are also digesting the Q1 earnings released after the market close today. These results cover the April-June period, a time when India was battling a surge in COVID-19 cases and lockdowns were imposed in various states. Thus, the impact is likely to be seen in the results, however, the surge today shows positive signs of economic recovery.
Overall, it was a positive start to the week for Indian equities, with investors awaiting further cues from global markets and the Q1 earnings season.