The Sensex above 82000 points on Tuesday, as Indian equities opened higher amid positive investor sentiment. Gains were led by banking, IT, and auto sectors, while traders monitored NSE and BSE indices closely. Analysts attribute the rise to encouraging domestic economic data and stable global cues.
Mumbai : The Indian benchmark indices opened with mild gains on Tuesday amid positive global cues, as investors bought stocks in auto, IT, and financial service sectors during early trade.
As of 9:22 am, Sensex traded 122.13 points, or 0.15 per cent higher, at 82,282.10, while the Nifty added 35.85 points, or 0.14 per cent, to reach 25,238.20.
Nifty Bank fell 26.30 points, or 0.05 per cent, to 55,258.45. The Nifty Midcap 100 index traded at 58,686.55 after losing 12.95 points, or 0.02 per cent. The Nifty Smallcap 100 index rose 4.25 points, or 0.02 per cent, to 18,293.15.
Experts said the Nifty’s near-term uptrend will depend on whether slippages extend beyond the 25,200–25,000 region. Early moves may retain a positive bias if it stays above 25,238, but a direct rise above 25,278–25,335 would be necessary to attract momentum.
In the Sensex pack, Maruti Suzuki, M&M, Tata Motors, Infosys, HDFC Bank, Tech Mahindra, and Axis Bank led the gains. Ultratech Cement, Sun Pharma, Trent, and Asian Paints were the top losers.
Asian markets showed mixed trends: Jakarta, Bangkok, Japan, and Seoul traded in green, while Hong Kong and China fell.
In the previous US trading session, the Dow Jones closed at 46,381.54, up 66.27 points, or 0.14 per cent. The S&P 500 gained 29.39 points, or 0.44 per cent, at 6,693.75, and the Nasdaq rose 157.50 points, or 0.70 per cent, to 22,788.98.
Analysts noted that the sustained FII selling since the 2024 September peak has weighed on the market. High valuations in India and more attractive valuations elsewhere triggered this selling.
FIIs sold equity worth Rs 121,210 crore in 2024 and Rs 179,200 crore so far this year through the exchanges. On September 22, FIIs sold equities worth Rs 2,910.09 crore, while domestic institutional investors purchased equities worth Rs 2,582.63 crore.
–IANS
