Hungarian blue-chip equities posted strong gains at the Monday open, driven by broad-based investor appetite that swept through the Budapest Stock Exchange.

The rally was nearly universal among the market's largest constituents, with only Magyar Telekom failing to participate in the early upside.

Its shares remained flat, diverging from the positive momentum that lifted the rest of the index.

The positive start in Budapest mirrors a wider risk-on sentiment that has taken hold across global equity markets.

Indian benchmarks, including the Nifty 50 and Sensex, opened higher, reflecting a shift in investor confidence.

Meanwhile, European markets posted solid gains, with the German DAX rising 1.3% to close at 24,956 points.