Tuesday brought a green opening to Indian bourses, with benchmarks climbing amid cautious global backdrop on trading day two.
From Monday’s 84,065.75 close, Sensex opened 144.25 points higher at 84,210. Nifty rose 55.35 points to 25,922.65 versus 25,867.30.
By 9:22 AM, Sensex hovered at 84,203.42 (up 0.16% or 137.67 pts), Nifty at 25,904.95 (+0.15% or 37.65 pts). Nifty FMCG and IT aside, sectors mostly advanced.
Mid and small-caps led: +0.21% and +0.49%. Nifty Pharma up 0.46%; IT, PSU Bank down 0.2%.
Sensex winners: Eternal, Titan, Axis Bank, Tata Steel, TCS, Sun Pharma, Power Grid. Underperformers: Bajaj Finance, Asian Paints, Indigo, HCL Tech, HDFC Bank, SBI.
Akash Shah, Choice Broking analyst, observed sustained rebound: Nifty >25,850 close, Sensex +~500 pts. Technically robust above key MAs and 25,700-25,800.
Resistance cluster at 26,000-26,100; clean upside break may accelerate via covering. Downside cushions: 25,700, then 25,500.
Bullish bias holds in limited volatility. Strategic picks in banks, PSUs, metals tied to results, sector developments. Near-term caution at 26,000 demands disciplined trading.