Sensex Rises 201 Points, Investors Gain ₹40,000 Crore

Mumbai: Indian equity markets opened higher on Thursday, extending positive investor sentiment as the BSE Sensex gained 201 points to open at 78,782, while the NSE Nifty started the session 16 points higher at 24,641. The strong opening added nearly ₹40,000 crore to investors’ wealth in early trade.

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The upbeat start came after the Nifty had closed marginally higher at 24,625 in the previous session. Following Thursday’s opening rally, the total market capitalization of all BSE-listed companies climbed to nearly ₹492.82 lakh crore.

Meanwhile, the Indian rupee opened slightly weaker at 95.13 against the US dollar, reflecting cautious sentiment in the currency market.

IT and Pharma Stocks Lead the Rally

Sector-wise, IT, Media, Pharma and Consumer Durables witnessed strong buying interest during early trade. However, Auto, FMCG and Realty stocks remained under selling pressure.

Among the 30 Sensex companies, 16 stocks traded in the green, while 14 declined. Titan and Reliance Industries emerged as the top gainers, whereas Power Grid and Trent were among the major losers.

Global Developments Support Market Sentiment

Investor confidence also received support from global developments after US President Donald Trump expressed optimism over a possible agreement with Iran. The statement pushed Brent crude prices lower to around $79.5 per barrel, a positive development for oil-importing countries such as India.

Domestic Investors Offset Foreign Selling

Foreign Institutional Investors (FIIs) remained net sellers on Wednesday, offloading shares worth ₹943 crore. However, Domestic Institutional Investors (DIIs) provided strong support by purchasing equities worth ₹2,883 crore, helping maintain positive market momentum.

Positive Triggers for the Market

Analysts believe several factors are currently supporting the market, including optimism over the Iran deal, record highs in the Dow Jones Industrial Average, sustained domestic institutional buying, and stability in the Indian rupee. Weakness in the Japanese and South Korean markets is also believed to be benefiting Indian IT stocks.

Risks Continue to Persist

Despite the positive opening, analysts caution that uncertainty remains. Foreign investors have resumed selling after six consecutive sessions of buying, while negotiations over the Iran agreement are yet to reach a final conclusion. These factors could limit further gains in the market.

Key Nifty Levels to Watch

According to HDFC Securities Technical Analyst Nagaraj Shetti, the market structure remains positive. Nifty faces immediate resistance at 24,800, while the 24,400–24,300 zone is expected to provide strong support.

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