Stock Market Today: Sensex Gains 138 Points In Early Trade; Nifty Opens Above 25,100

In the previous trading session on Monday, the Indian stock markets began the week on a subdued note, closing the first trading session lower

Stock Market Today

Source : PTI

The Indian stock markets opened on a positive note on Tuesday, with benchmark indices extending gains. The BSE Sensex rose 137.78 points or 0.17 per cent to start the session at 82,391.24, while the NSE Nifty50 opened higher by 56.50 points or 0.23 per cent, reaching 25,138.80. Early trade indicates a cautiously optimistic sentiment among investors, supported by gains across key sectors. Approximately 1,555 stocks advanced, 574 declined, and 141 remained unchanged.

Top gainers on the Nifty included Tech Mahindra, Jio Financial, Grasim, Hero MotoCorp, and Hindalco. On the flip side, major losers were HCL Tech, SBI Life Insurance, Cipla, HDFC Bank, and Tata Steel.

VK Vijayakumar, Chief Investment Strategist, Geojit Investments, noted, "Market is in a state of drift with no clear indications of a sharp change of course. FIIs who have been net buyers in April, May and June have turned net sellers in July as per the latest data. This has put pressure on largecaps. Absence of institutional selling in the broader market is keeping this segment resilient despite the elevated valuations. Alongside selling in the cash market FIIs have increased shorts in the derivative market. Short covering can lead to sharp recovery in the market. But there are no apparent triggers in sight that can lead to short covering."

He added. "A significant macro trend is the decline of CPI inflation in June to 2.10 percent. It appears that inflation will undershoot RBI’s projection of 3.7% CPI inflation for FY26. This has raised rate cut hopes. But the question is: can another 25 bp rate cut stimulate credit growth which is languishing at around 9%?"

Previous Trading Session

In the previous trading session on Monday, the Indian stock markets began the week on a subdued note, closing the first trading session lower. The BSE Sensex dropped nearly 250 points to settle at 82,253, while the NSE Nifty50 slipped over 60 points to close at 25,087. Among the 30 Sensex constituents, gains were led by Eternal, Titan, M&M, Sun Pharma, and ITC. On the other hand, Tech Mahindra, Infosys, Asian Paints, Bajaj Finance, and HCL Tech were the top laggards.