Stock Market: Stock market opens in green due to strong global signals, buying in pharma and realty sectors

Mumbai, 27 April. The Indian stock market opened with gains in Monday’s trading session due to strong global cues. At 9:19 am, Sensex was at 77,027, up 363 points or 0.47 per cent, and Nifty was at 24,004, up 106 points or 0.45 per cent. Pharma and healthcare sectors were leading the market rise in early trade. Nifty Realty and Nifty Pharma were the top gainers among the indices. At the same time, almost all the indices including Nifty Healthcare, Nifty Metal, Nifty IT, Nifty India Defense and Nifty Commodities were in the green.

Along with largecaps, midcaps and smallcaps are also witnessing strong growth. The Nifty Midcap 100 index was at 60,169, up 794 points or 1.34 per cent, and the Nifty Smallcap 100 index was at 17,807, up 240 points or 1.37 per cent. Sun Pharma, Adani Ports, Tata Steel, Infosys, Kotak Mahindra Bank, M&M, L&T, Tech Mahindra, NTPC, ITC, Asian Paints, Eternal, Maruti Suzuki, Titan, SBI, Trent, Power Grid, Bajaj Finserv, Bharti Airtel and Interglobal Aviation (IndiGo) were among the gainers in the Sensex pack. Axis Bank, BEL and Bajaj Finance were the losers.

Most Asian markets opened higher. Tokyo, Shanghai, Hong Kong, Bangkok, Seoul and Jakarta were in the green. US markets closed mixed on Friday, with the Dow down 0.16 per cent and the Nasdaq up 1.63 per cent. One reason for the rise in global markets along with India is believed to be the new proposal given by Iran to America for peace. Reports say that its objective is to reopen the Strait of Hormuz and end the war.

However, diplomatic efforts between the two countries have come to a halt after the proposed talks in Islamabad were canceled last week. Foreign institutional investors (FIIs) remain consistent sellers. On Friday, he had sold equities worth Rs 8,827.87 crore. At the same time, domestic institutional investors (DIIs) had invested Rs 4,700.71 crore in equity.