Thursday brought a welcome reversal for Indian equities, as the BSE Sensex blasted open 500-plus points higher at 82,459.66, erasing the prior day’s 81,909.63 close. Nifty 50 joined the party, opening at 25,344.15 against 25,157.50, amid diminished worries over Greenland-fueled trade tensions.
At 9:18 AM, Sensex stood at 82,432.69 (+523.06 points, 0.64%), Nifty at 25,310.05 (+152.55 points, 0.61%). Uniform green across Nifty sectors painted a rosy picture.
The index soon touched 700-point gains. Broader participation was evident: Nifty Midcap up 1.4%, Smallcap 1%.
PSU Banks soared 2%, Auto and Banks 1% each, IT 0.9%, Metals 0.8%. Top Sensex gainers—Tata Steel, Adani Ports, Asian Paints, BEL, SBI, Kotak Bank, Sun Pharma, Trent, M&M, Bajaj Finserv, Indigo, ITC—each rose beyond 1%.
Twenty-nine Sensex stocks gained; ICICI Bank was the lone decliner.
Insight from Geojit’s Dr. VK Vijayakumar: Trump’s ‘TACO’ moment—backing off Greenland seizure threats for a future pact—plus no-tariff signals for Europe, has defused trade war risks. This ignited a relief rally with 200,000 shorts vulnerable to squeeze.
‘Favorable for short-covering, promising more upside,’ he said. New labor code hits to Q3 earnings are one-offs, unlikely to faze investors.
This opening salvo hints at a robust session, bolstered by positive international developments.