Indian equities started the week strongly on Tuesday amid mixed international signals. Benchmark indices opened higher, reflecting optimism despite select sectoral pressures.
Sensex opened at 84,210, up 144.25 points from Monday’s close of 84,065.75. Nifty mirrored the gains, starting at 25,922.65, a 55.35-point jump from 25,867.30.
Around 9:22 AM, Sensex traded at 84,203.42, ahead by 137.67 points (0.16%). Nifty stood at 25,904.95, up 37.65 points (0.15%). Excluding Nifty FMCG and IT, most sectoral gauges were positive.
Midcap and Smallcap indices outperformed, rising 0.21% and 0.49% respectively. Pharma shone brightest with 0.46% growth, contrasting drops in IT and PSU Bank indices by 0.2%.
Sensex frontrunners: Eternal, Titan, Axis Bank, Tata Steel, TCS, Sun Pharma, Power Grid. Decliners: Bajaj Finance, Asian Paints, Indigo, HCL Tech, HDFC Bank, SBI.
Choice Broking’s Akash Shah highlighted ongoing recovery, with Nifty above 25,850 and Sensex up ~500 points last session. Key technicals show Nifty firm above vital averages and the 25,700-25,800 zone.
Resistance at 26,000-26,100; breakout could fuel momentum via short covering. Supports at 25,700 and 25,500. Positive structure persists, with bounded upside likely. Focus on select names in banking, PSUs, metals amid results season. Trade cautiously near key resistance.