Mumbai equity markets opened higher on Thursday as investors welcomed fresh Q2 earnings releases.
The benchmark Sensex climbed 340 points (0.41 %) to 82,945, while the Nifty rose 105 points (0.41 %) to 25,428.
Market analysts say a steady move above 25,450 could set the stage for a rally toward 25,500. On the downside, support sits near 25,200 and 25,150—key levels to watch for new long positions.
Key gainers on the Sensex included Axis Bank, Adani Ports, Titan, Kotak Bank, Mahindra & Mahindra, BEL, Tata Motors, NTPC and HCL Tech. In contrast, Infosys, Tech Mahindra, TCS, Tata Steel and Sun Pharma fell short of the market’s gains.
The Nifty MidCap index added 0.23 % and the Nifty SmallCap rose 0.56 %, showing steady investor interest in smaller names.
Sector‑wise, the Nifty Auto and Nifty Private Bank indices led the market, each up 0.8 %. The Nifty Realty index also gained 0.6 %, while the Nifty IT index dipped 0.14 % as tech stocks delivered mixed results.
Analysts linked the upbeat start to recent U.S. government statements easing India‑U.S. trade tensions, hinting a trade deal could materialise in the coming weeks.
Foreign Institutional Investors (FIIs) net bought equity worth ₹68 crore, and Domestic Institutional Investors (DIIs) added ₹4,650 crore on Thursday, underpinning the broader market.
For traders facing today’s volatility, many experts recommend a cautious “buy‑on‑dips” strategy, taking partial profits during rallies and keeping tight trailing stop‑losses to manage risk.
New long positions should be considered only if the Nifty stays above 25,500. The overall market tone remains cautiously bullish, but close monitoring of key technical levels and global developments will be crucial in the days ahead.
Source: ianslive
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