New Delhi: Indian benchmark equity indices opened Tuesday’s trading session on a positive note, shrugging off weakness across several Asian markets. Supported by sustained institutional buying and improving market sentiment, the BSE Sensex gained nearly 500 points in early trade, while the Nifty 50 also traded firmly above the 24,700 mark.
The upbeat start comes as investors continue to monitor global economic developments, corporate earnings and crude oil prices, even as markets across Asia witnessed a cautious session.
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Sensex and Nifty Begin the Day in Green
The 30-share BSE Sensex climbed 493.94 points, or 0.62 per cent, to 79,132.97 in early trade after ending the previous session at 78,639.03. Meanwhile, the NSE Nifty opened at 24,703.90, reflecting continued resilience in domestic equities despite mixed global cues.
Broader markets also remained positive, with both mid-cap and small-cap indices trading higher, indicating healthy participation beyond frontline stocks.
Power Grid Leads Gainers; FMCG Stocks Under Pressure
Among Sensex constituents, Power Grid, Bajaj Finance, Asian Paints, Adani Ports and Trent emerged as the top gainers during the opening session. Power Grid led the rally with gains of more than one per cent.
On the other hand, Hindustan Unilever, Maruti Suzuki, ITC, UltraTech Cement and TCS traded in the red, with FMCG heavyweight Hindustan Unilever witnessing the sharpest decline among the blue-chip stocks.
Market Breadth Reflects Positive Investor Sentiment
Investor participation remained encouraging during early trade. More stocks advanced than declined on the National Stock Exchange, suggesting that buying interest was spread across multiple sectors instead of being limited to a handful of heavyweight companies.
The positive breadth also reflected improving confidence among retail and institutional investors following recent market strength.
FIIs Continue Buying Streak
Foreign Institutional Investors (FIIs) extended their buying momentum for the sixth consecutive trading session, purchasing Indian equities worth over ₹922 crore in the previous session. Domestic Institutional Investors (DIIs) also remained net buyers, providing additional support to market sentiment.
Analysts believe continued institutional inflows have helped offset concerns arising from global volatility and have strengthened confidence in Indian equities.
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Global Markets Remain Mixed
While Wall Street ended the previous session on a positive note after crude oil prices eased, most Asian markets traded lower on Tuesday. Japan’s Nikkei, Hong Kong’s Hang Seng and South Korea’s Kospi remained under pressure, while China Shanghai Composite managed modest gains.
Despite the cautious global backdrop, Indian markets continued to outperform many regional peers, highlighting sustained domestic investor confidence.
What Investors Should Watch
Market participants will closely track upcoming corporate earnings, foreign investment flows, global commodity prices and international economic developments for further direction. Analysts believe the broader trend remains constructive, although intermittent profit-booking at higher levels cannot be ruled out after the recent rally.