Thursday brought a fresh wave of optimism to Dalal Street, with Indian benchmarks opening in positive territory fueled by IT sector resurgence. Sensex debuted at 82,419 (+143 pts) and scaled 82,579.16. Nifty vaulted past 25,567.60 in the opening hour.
By 9:35 AM, Sensex settled at 82,382.07, a 106-point or 0.13% advance. Nifty was up 89.30 points or 0.11% at 25,365.37. Post an IT-led soft start, buying enthusiasm built, tempered by brief consolidation.
Mid and smallcaps extended the rally, Nifty Midcap 100 +0.55%, Smallcap 100 +0.24%. BSE IT index rocketed 1.4%.
Sector highlights: IT +1.34%, Bank +0.32%, Auto +0.26%, Fin Services +0.20%, Metals +0.15%. IT frontrunners Tech Mahindra, Infosys, HCL, TCS each added 1-2%. Bullish moves also in Sun Pharma, L&T, Maruti, Titan, BEL, Adani Ports.
Underperformers: NTPC, Powergrid, Axis Bank, HUL, Ultratech Cement, Eternal.
Technical view: Nifty trades sideways 25,250-25,650; breaching lower support risks downside, while upper level poses resistance. Strong DII buying (₹5,119+ crore) amid patchy FIIs, plus dipping India VIX, fosters stability.
In this scenario of range trading and selective selling, market veterans recommend a measured, stock-focused strategy with stringent risk parameters to navigate uncertainties effectively.