The stock market opened positively today, displaying cautious optimism amid mixed global cues. Benchmark indices Sensex and Nifty started with marginal gains, reflecting a tentative beginning as investors weighed various domestic and international factors affecting market sentiment.
The BSE Sensex rose modestly by 96.95 points to 77,434.54, while the NSE Nifty gained 21.40 points, opening at 23,537.40. These opening figures indicated a subdued yet positive trader sentiment, with expectations of sectoral performances shaping early trading patterns.
In the initial trading hours, 35 Nifty stocks advanced, while 9 declined, leading to varied movements across sectors and contributing to the mixed sentiment in early trading. This cautious market behavior highlighted the influence of both domestic and international factors.
Top gainers on the Nifty included Kotak Bank, HDFC Bank, SBI Life, Larsen & Toubro (LT), and Bharti Airtel, buoyed by positive sentiment and sector-specific developments. These stocks showcased strong performance, reflecting investor confidence in their prospects.
Despite early losses from Sun Pharma, Dr. Reddy’s, and others due to profit booking and sectoral issues, the Nifty’s short-term trend stayed bullish above the 55-hour EMA at 23,340. The market opened positively but cautiously, influenced by global uncertainties and geopolitical events.
