Indian stock market opens higher as Sensex gains 56 points and Nifty crosses 24,350 amid strength in auto and metal stocks.
India’s benchmark equity indices opened in positive territory on Thursday, with the BSE Sensex and NSE Nifty 50 extending gains from the previous session amid buying in auto, metal and IT stocks.
The market witnessed a firm start during early trade, although mild selling pressure later trimmed some of the initial gains.
Sensex and Nifty Open in Green
The BSE Sensex opened on a positive note and briefly surged by more than 100 points during early trading.
At the time of reporting, the Sensex was trading at 78,014.48, up 55.95 points or 0.072 percent.
Similarly, the NSE Nifty 50 crossed the 24,350 mark and was trading at 24,366.55, gaining 35.60 points or 0.15 percent.
Auto and Metal Stocks Lead Gains
Market sentiment was supported primarily by buying in:
- Automobile stocks
- Metal sector companies
- Information technology shares
Analysts said optimism in these sectors helped the indices maintain gains despite intermittent volatility.
Auto stocks remained among the strongest performers during early trade, while metal counters also attracted investor interest.
FMCG and Banking Stocks Under Pressure
Even as the broader market traded in green, some sectors faced selling pressure.
Weakness was visible in:
- FMCG stocks
- Private banking shares
- Realty sector companies
The mixed sectoral performance reflected cautious investor sentiment after the sharp rally recorded in the previous trading session.
IT and Media Stocks Show Strength
Technology and media shares also traded with gains during the opening session.
Market experts noted that buying in IT stocks contributed to market resilience, especially amid improving global technology sentiment.
Media stocks too witnessed selective accumulation in early trade.
Previous Session Ended Strongly
The current positive opening follows a strong rally in the previous session on Wednesday.
The BSE Sensex had closed at 77,959, rising by 941 points, while the NSE Nifty 50 settled at 24,331, gaining 298 points.
Wednesday’s rally was driven by broad-based buying across several sectors and improved investor confidence.
Investors Watch Market Momentum
Market participants are closely monitoring whether the benchmarks can sustain the momentum achieved in recent sessions.
Analysts believe investor focus remains on:
- Corporate earnings
- Global market trends
- Sector-specific developments
- Institutional investment activity
These factors are expected to influence market direction in the coming days.
Volatility Continues in Early Trade
Despite the positive opening, volatility persisted as profit-booking emerged at higher levels.
Experts said such fluctuations are common after strong rallies, with traders balancing fresh buying against short-term gains.
However, the fact that both indices remained in positive territory indicated continued underlying strength in the market.
Broader Market Sentiment Remains Positive
The broader market mood appeared optimistic as investors continued selective buying in growth-oriented sectors.
Auto and technology stocks, in particular, attracted attention amid expectations of improving demand and earnings performance.
At the same time, defensive sectors such as FMCG saw limited participation.
Global and Domestic Cues in Focus
Investors are also keeping an eye on international market developments and domestic economic indicators.
Global commodity prices, foreign institutional investor activity, and economic data releases are expected to influence sentiment during the trading session.
Market Experts Urge Caution
While the markets have shown strong recovery in recent sessions, analysts cautioned that volatility could continue.
They advised investors to remain selective and focus on fundamentally strong sectors and companies rather than short-term momentum trades.
Markets Hold Early Gains Despite Selling Pressure
The positive opening in the BSE Sensex and NSE Nifty 50 reflects continued investor optimism following Wednesday’s sharp rally.
Although some selling pressure emerged during early trade, strength in auto, metal, IT and media stocks helped the markets remain in green territory, indicating sustained buying interest across key sectors.
Inputs & Images: Hindusthan Samachar
Edited By: Akshaya Polepalli
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