Markets Open On A Brighter Note: Sensex Surges Past 83,900, Nifty Nears 25,600

The Indian markets opened trading on Wednesday on a favourable note. The BSE Sensex started the day at 83,827, climbing more than 120 points, while the NSE Nifty50 neared 25,600, inching up over 50 points, around 9:15 AM. Within minutes, the Sensex climbed beyond 83,900.

However, the GIFT Nifty inched up 13 points to touch 25,695 as of 8:59 AM, indicating another session of muted gains ahead likely. In the pre-open session, around 9:02 AM, the Sensex registered gains of 45 points and traded near 83,750, while the Nifty50 remained almost flat but slipped marginally in red and tested 25,550. 

On the 30-share Sensex, Infosys, Tech M, ICICI Bank, TCS, and HCL Tech emerged among the gainers in the opening hour. Meanwhile, the laggards included HDFC Bank, Asian Paints, BEL, L&T, and Reliance.

In the broader markets, indices traded majorly in green, however, the gains were not very impressive. The Nifty Bank remained the only exception and slipped 0.02 per cent.

Sectorally, the IT index took the lead and climbed 1.35 per cent in the morning market hour. Meanwhile, the FMCG index dominated the laggards and fell 0.25 per cent.

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How Did Markets Behave On July 1?

Indian equity benchmarks saw a see-saw session on Tuesday, ending with marginal gains despite trading largely in the green. The sentiment remained cautious as market participants awaited concrete updates on the anticipated trade pact between India and the United States. Comments from both External Affairs Minister S Jaishankar and the White House suggested that an agreement could be announced soon, as the deadline for US tariffs imposed by Donald Trump draws closer.

By the end of the day, the BSE Sensex settled just shy of 83,700, logging a gain of 91 points. Meanwhile, the NSE Nifty50 edged up by 25 points to finish at 25,542. Among the top movers on the Sensex were BEL, Reliance Industries, Asian Paints, UltraTech Cement, and Kotak Mahindra Bank. On the flip side, Axis Bank, Trent, Eternal, Tech Mahindra, and ICICI Bank closed the day in the red.

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