Sensex Opens 366 Points Higher, Nifty Tops 25,100 On Positive Global Cues

Indian equity markets opened on a strong note on Wednesday, with the BSE Sensex rising 366.32 points, or 0.45 per cent, to 82,421.43 in early trade. The NSE Nifty also gained 83.20 points, or 0.33 per cent, to open at 25,127.55, buoyed by positive global cues and investor optimism across key sectors.

Around 1,621 stocks advanced, 479 declined, while 124 remained unchanged in early trade. Among the top gainers on the Nifty were Titan Company, NTPC, Trent, Reliance Industries, and M&M. On the other hand, Kotak Mahindra Bank, ICICI Bank, and SBI Life Insurance were among the major laggards.

VK Vijayakumar, Chief Investment Strategist, Geojit Investments, noted, "A significant feature of the recent market trend has been its resilience despite major challenges like the West Asian crisis. Even during the short India-Pak conflict the market has been resilient. A significant contributor to this resilience has been FII buying during the crisis. Interestingly FIIs have been selling, like yesterday, after the crisis blows over. On the other hand DIIs have been sustained buyers in the market, thanks to the continuing inflows into mutual funds. This will impart resilience to the market even when FIIs sell on valuation concerns."

"The latest commentary from the Fed chief Jerome Powell indicates that there are risks to inflation from the uncertainty over tariffs and, therefore, rate cuts are likely only towards the end of the year. The main challenge for investors now is to find stocks with the right growth-value mix since growth stocks are highly valued. For long-term investors stocks in segments like the capital market, domestic consumption like aviation, telecom and premium consumption like hotels, automobiles and jewellery hold promise," he added.

Previous Trading Session

In the previous trading session on Tuesday, domestic equity benchmarks Sensex and Nifty experienced mixed trends, as renewed geopolitical tensions in the Middle East weighed on investor sentiment during the afternoon session. Despite the volatility, both indices managed to close in positive territory after paring most of their intraday gains. The BSE Sensex ended the day at 82,055, up over 150 points, while the NSE Nifty50 settled at 25,075.55, rising by more than 100 points. Among the top performers on the 30-share Sensex were Adani Ports, Tata Steel, Kotak Mahindra Bank, UltraTech Cement, and L&T. On the flip side, PowerGrid, Trent, Maruti, HCL Tech, and NTPC emerged as the key laggards.

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