Stock Markets Open Higher, Sensex Opens Over 83,650, Nifty Tests 25,600
Around 8:32 AM, the Gift Nifty was trading 25 points higher at 25,731.
The stock market opened higher on Tuesday as the Sensex started trade over 125 points higher at 83,660.52, while the Nifty opened over 25,614, or more than 39 points higher.
In the 30-share BSe Sensex, the top gainers included stocks such as Mahindra & Mahindra, HCLTech, Bharat Electronics, TCS and TechMahindra. Meanwhile, the laggards included stocks like Maruti, NTPC, Kotak Bank, HDFC Bank and Eternal.
In the broader 50-share NSE Nifty50, the Nifty Microcap 250 declined 0.39 per cent. Sectorally, the Nifty Midsmall IT & Telecom index gained 0.55 per cent, and the Nifty Financial Services Ex-Bank fell 1.66 per cent.
Notably, in the pre-open session, the Sensex was trading at 83,455.85 or over 79 points lower, and the Nifty was trading at 25,639, or more than 64 points higher, around 9:01 AM.
Around 8:32 AM, the Gift Nifty was trading 25 points higher at 25,731.
Previously, on Monday, Sensex and Nifty bounced back after three consecutive days of losses following buying in IT and financial shares and a rally in global peers after a breakthrough in the US government shutdown.
The Sensex benchmark climbed 319.07 points to close at 83,535.35. Nifty advanced 82.05 points, or 0.32 per cent, to settle at 25,574.35 on Monday.
What Do Experts Say?
The possible resolution of the US government shutdown, along with renewed FII buying driven by a strong Q2 earnings season, helped boost market sentiment. Vinod Nair, Head of Research at Geojit Investments, said the increase in the US 10-year Treasury yield indicates improving risk appetite for equities following the reopening of the federal government.
He added that, on the domestic front, strengthening macroeconomic indicators are expected to support upward revisions in earnings estimates for H2FY26. This, in turn, reinforces current valuations and is likely to draw additional liquidity.
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