Indian equities began the mid-week session on a high note, extending their green opening streak to three days. At the opening bell, Sensex was at 84,339.15, gaining 65.23 points over the prior close of 84,273.92. Nifty opened at 25,997.45, up 62.3 points from 25,935.15, reflecting broad-based early optimism.
Around 9:25 AM, Sensex stood at 84,374 (+102 points, 0.1%), and Nifty at 25,979 (+44 points). Broader markets were tepid: Midcap index fell 0.2%, Smallcap rose 0.1%.
Sector highlights featured Nifty Auto’s stellar 1.34% surge, trailed by FMCG’s 0.18% gain. Nifty IT dropped 0.45%, Nifty Bank 0.28%. Sensex leaders: M&M, Titan, Maruti, Tata Steel, SBI, Sun Pharma. Draggers: HCL Tech, Trent, TCS, Airtel, ITC, L&T.
Analyst Akash Shah from Choice Broking pointed out Nifty’s stronghold above short-term moving averages and the 25,800-25,900 support. 26,000 acts as immediate hurdle; a firm breakout may fuel short covering and sustain recovery. Key supports: 25,800, then 25,700.
Overall, the market chart looks bullish yet range-bound near resistance, with possible consolidation. Attention shifts to auto, metal, banking sectors and solid performers. Prudence near 26,000 is advised.
This pattern of positive opens builds on recent momentum, as investors navigate volatility with sector rotation favoring cyclicals like autos, hinting at economic rebound signals.