Bullish Start for BSE Sensex & Nifty: Key Sectors Rally
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Investors woke up to a promising market open on Thursday as Indian stocks embraced positivity. Sensex gained 354 points or 0.48% to 74,963, and Nifty rose 146 points or 0.66% to 23,554 by 9:20 AM, fueled by standout performances in select sectors.
Pharma and metals took center stage, with Nifty Pharma, Healthcare, and Metal leading the pack. Nearly all sectoral gauges were buoyant: Energy, India Defence, PSE, Commodities, Infra, PSU Banks, and Oil & Gas all posted advances.
The upward trend permeated various market caps. Large-caps set the pace, but Nifty Midcap 100 soared 395 points (0.66%) to 60,560, and Nifty Smallcap 100 climbed 89 points (0.50%) to 18,083, indicating robust participation.
Among Sensex stocks, gainers dominated with Adani Ports, Trent, Asian Paints, NTPC, Sun Pharma, Tata Steel, ICICI Bank, Bharti Airtel, ITC, L&T, Power Grid, UltraTech Cement, M&M, SBI, HDFC Bank, BEL, Bajaj Finance, HUL, Kotak Mahindra Bank, and Maruti Suzuki. Technology lagged, as HCL Tech, Infosys, TCS, and Tech Mahindra slipped.
Overseas, Asian markets largely advanced—Tokyo, Hong Kong, Bangkok, Seoul up—barring Shanghai. US indices ended Wednesday divided: Dow fell 0.14%, Nasdaq rose 1.20%.
FII activity remained cautious, with net sales of Rs 4,703.15 crore in equities on Wednesday. DIIs, however, bolstered the market with Rs 5,869.05 crore in buys.
Global commodities influenced sentiment too, as crude oil firmed up: WTI to $101/barrel (+0.46%) and Brent to $106/ounce (+0.37%). This strong opening could pave the way for further gains if supported by earnings and macro data.
