Indian equities started the trading session on a buoyant tone Thursday, with benchmark indices opening in green amid renewed interest in IT stocks. The BSE Sensex opened 143 points higher at 82,419 and touched an intraday peak of 82,579.16. NSE Nifty advanced sharply to 25,567.60.
At around 9:35 AM, Sensex was at 82,382.07, reflecting a 0.13% or 106-point rise. Nifty traded at 25,365.37, up 0.11% or 89.30 points. Early IT selling pressure eased as buying picked up, leading to a mild correction before indices steadied.
Midcap and smallcap segments outperformed, with Nifty Midcap 100 up 0.55% and Smallcap 100 gaining 0.24%. BSE IT index surged 1.4%.
Among sectors, IT dominated with 1.34% growth, trailed by banking (0.32%), autos (0.26%), financial services (0.20%), and metals (0.15%). Top Sensex gainers in IT included Tech Mahindra, Infosys, HCL Technologies, and TCS, each up 1-2%. Sun Pharma, L&T, Maruti, Titan, BEL, and Adani Ports also rose notably.
Losers comprised NTPC, Power Grid, Axis Bank, HUL, UltraTech Cement, and Eternal.
Market analysts highlight Nifty’s range-bound movement between 25,250 support and 25,650 resistance. DIIs’ net buying of over ₹5,119 crore offsets mixed FII flows, while falling India VIX indicates reduced market jitters.
Given ongoing consolidation and profit booking, a selective, risk-aware approach is recommended, focusing on quality stocks with strong fundamentals.