Sensex, Nifty open higher: Sensex gains 96 points to 73,676, Nifty rises 20 points to 23,084Instagram
Indian equity benchmark indices opened marginally higher on Friday, despite mixed global cues, rising US Treasury yields and continued geopolitical uncertainty weighing on investor sentiment.
As of 9.24 am, the Sensex was up 96 points, or 0.13 per cent, at 73,676, while the Nifty gained 20 points, or 0.09 per cent, to 23,084.
Broader markets also traded marginally higher, with the Nifty Midcap 100 rising 0.03 per cent and the Nifty Smallcap 100 gaining 0.06 per cent.
Sectoral indices on the NSE traded mixed. IT, FMCG, consumer durables and healthcare stocks remained under pressure, with Nifty IT emerging as the top laggard, declining 1.37 per cent. Nifty Realty was the top gainer, rising 0.59 per cent.
The US 10-year Treasury yield has moved above the 5.20 per cent mark and remains close to multi-year highs, putting pressure on global financial conditions and reducing the relative attractiveness of emerging-market equities. Rising global yields and a stronger dollar have also weighed on the Indian rupee, analysts said.
Geopolitical uncertainty remains elevated amid unclear diplomatic progress between the US and Iran. Renewed tensions and risks surrounding energy supply routes are keeping global investors cautious, while any further escalation could push crude oil prices higher.
Sensex, Nifty open higher: Sensex gains 96 points to 73,676, Nifty rises 20 points to 23,084IANS
In the previous session, the Nifty closed at 23,063, down 1.64 per cent. Immediate support is placed at 22,800–23,000, while resistance is seen at 23,250–23,300.
The Bank Nifty closed at 55,438, down 1.96 per cent. Immediate support is placed at 55,000–55,200, while resistance is seen at 55,800–56,000.
Asian markets traded mixed. China’s Shanghai index declined 1.04 per cent and Shenzhen fell 2.34 per cent, while Japan’s Nikkei gained 1.23 per cent. Hong Kong’s Hang Seng Index declined 1.77 per cent, while South Korea’s Kospi rose 0.9 per cent.
US markets ended largely lower overnight. The Nasdaq edged up 0.01 per cent, while the S&P 500 slipped 0.02 per cent and the Dow Jones declined 0.31 per cent.
On September 24, foreign institutional investors (FIIs) were net sellers of equities worth Rs 5,027 crore, while domestic institutional investors (DIIs) bought equities worth Rs 4,301 crore.