Sensex Rises 134 Points, Nifty Crosses 22,250 Mark in Early Trade

New Delhi : The Indian stock market opened on a positive note today, driven by strong economic indicators and favorable global cues. Key factors such as robust GDP growth data and strong GST collections have boosted investor sentiment. Early trade saw buying interest in sectors such as auto, IT, and banking.

The BSE Sensex was trading 134 points higher or 0.18 per cent up at 73,332, while the NSE Nifty 50 advanced 130 points to 22,254. The Nifty Bank index also gained 36 points, reaching 48,380, reflecting strength in the banking sector. Broader market indices showed gains as well, with the Nifty Midcap 100 rising 32 points to 47,948, and the Nifty Smallcap 100 gaining 32 points to 14,732.

Among the key sectors, the auto sector led the gains, with stocks such as Maruti Suzuki, Tata Motors, and M&M seeing a strong uptrend. The IT sector also witnessed buying interest, with TCS, Infosys, and Wipro trading in the green, reflecting positive global trends in the tech industry. Banking and financial stocks showed a mixed trend, with select PSU banks gaining while private banks saw minor profit booking.

Asian markets were largely positive in morning trade, with Japan’s Nikkei 225 and Hong Kong’s Hang Seng index showing steady gains. The easing of US Treasury yields and a stable US dollar provided additional support to emerging markets, including India.

On the domestic front, investors are closely monitoring key macroeconomic developments. Recent GDP growth figures have met expectations, and GST collections have remained robust, indicating strong economic activity. Additionally, foreign institutional investors (FIIs) have shown renewed buying interest, adding to the positive momentum in the stock market.

Analysts expect Nifty 50 to face resistance near the 22,300 level, while support is seen around 22,100. The Sensex is likely to trade within a range of 73,000 to 73,500 in the near term. The market’s direction will also depend on upcoming global economic data, crude oil price movements, and the Federal Reserve’s stance on interest rates.

Overall, the market sentiment remains optimistic, supported by positive domestic fundamentals and stable global cues.