Sensex Gains 155 Points, Nifty Opens Higher Amid Positive Market Sentiment

New Delhi : The Indian benchmark indices opened on a positive note today, driven by gains in key sectors like banking, IT, and energy. At 11 a.m., the BSE Sensex was trading 155 points or 0.21 percent higher at 74,609, while the NSE Nifty climbed 9 points or 0.042 percent to reach 22,562. Investor sentiment remained upbeat amid positive global cues and sustained foreign institutional investments.

Experts attribute today’s market movement to favorable macroeconomic indicators and optimism surrounding upcoming corporate earnings. Leading stocks contributing to the Sensex’s gains included Reliance Industries, Infosys, and HDFC Bank. On the Nifty index, major gainers were Tata Consultancy Services, Larsen & Toubro, and Bharti Airtel. Meanwhile, some profit booking was observed in FMCG and auto stocks, capping further upside.

Sector-wise, the Nifty Bank index was up 0.4 percent, led by gains in ICICI Bank and Axis Bank. The IT sector also performed well, with Infosys and Wipro gaining around 0.5 percent each. On the other hand, the Nifty Auto index dipped slightly, dragged down by Tata Motors and Maruti Suzuki.

Globally, Asian markets were mostly higher, with Japan’s Nikkei 225 and Hong Kong’s Hang Seng index registering gains. Investors remain cautious ahead of key U.S. inflation data, which could influence the Federal Reserve’s interest rate decisions. Additionally, crude oil prices rose slightly due to supply concerns, impacting energy stocks worldwide.

In the broader market, mid-cap and small-cap stocks continued to attract investors, with indices rising around 0.3 percent. Analysts suggest that the positive momentum in mid- and small-cap stocks reflects robust domestic demand and improving corporate performance. However, they advise investors to remain selective and focus on fundamentally strong companies.

Market participants are closely watching India’s upcoming GDP data and global economic developments. Analysts believe that if inflation remains under control and corporate earnings meet expectations, the Sensex and Nifty could scale new highs in the coming weeks. Technical charts indicate that Nifty has strong support at 22,500, while resistance is expected near the 22,700 level.