In a session marked by selective buying, India’s major indices opened positively on Tuesday, the week’s second trading day, navigating mixed global influences.
The BSE Sensex debuted at 84,210, reflecting a crisp 144.25-point gain over the prior close of 84,065.75. NSE’s Nifty followed suit, opening at 25,922.65 after adding 55.35 points to 25,867.30.
At approximately 9:22 AM, Sensex was at 84,203.42 (+137.67 pts, 0.16%), and Nifty at 25,904.95 (+37.65 pts, 0.15%). Nearly all Nifty indices were green except FMCG and IT.
Broad market participation was evident: Nifty Midcap +0.21%, Smallcap +0.49%. Pharma index topped sectors with +0.46%, while IT and PSU Banks dipped 0.2%.
Gainers in Sensex pack: Eternal, Titan, Axis Bank, Tata Steel, TCS, Sun Pharma, Power Grid. Losers included Bajaj Finance, Asian Paints, Indigo, HCL Tech, HDFC Bank, SBI.
Per Akash Shah of Choice Broking, benchmarks extended recovery, Nifty closing over 25,850 with Sensex gaining ~500 points. Nifty’s position above critical moving averages and 25,700-25,800 bolsters outlook.
Upcoming hurdles: 26,000 then 26,100. Sustained breach may spark short squeeze, prolonging rally. Initial support 25,700, followed by 25,500.
Market architecture leans bullish in a narrow range. Investors may target banking, PSU, metals on earnings and news flow. Vigilance essential near 26,000 with robust risk controls.