Mumbai, May 26- Benchmark indices Sensex and Nifty rose in early trade on Monday after news of India becoming the world's fourth largest economy. Meanwhile, the 30-share BSE benchmark index Sensex rose 562.31 points to 82,283.39 in early trade. Meanwhile, the NSE Nifty rose 175.7 points to 25,028.85. Experts said that the early arrival of monsoon, the Reserve Bank's announcement of a record dividend of Rs 2.69 lakh crore to the government for the financial year 2025 and US President Donald Trump's delay of 50 percent EU tariff till July 9 have also raised market expectations.
Among the Sensex firms, Mahindra & Mahindra, Tata Motors, Titan, ICICI Bank, Tech Mahindra, NTPC, Power Grid and Bajaj Finserv were the top gainers at the opening of the stock market. Eternal was the only stock in the 30-share pack to open lower. NITI Aayog CEO BVR Subramanian has said that India has overtaken Japan to become the world's fourth largest economy. VK Vijayakumar, chief investment strategist at Geojit Investments Ltd, said that the news of India becoming the world's fourth largest economy will be a morale booster for the market in the near future. Meanwhile, the rupee rose 40 paise to 85.05 against the US dollar in early trade.