The domestic benchmark indices opened higher on Thursday amid mixed global cues, as buying was seen in the metal, auto, and financial services sectors in early trade.
At around 9:26 a.m., the Sensex was trading 239.27 points, or 0.29 per cent, higher at 82,994.78, while the Nifty added 84.20 points, or 0.33 per cent, to reach 25,328.95.
According to analysts, with a ceasefire between Israel and Iran, global markets are in risk-on mode. However, since the reciprocal tariff issue remains unresolved, a sustained rally may be difficult.
Nifty Bank was up 41.50 points, or 0.07 per cent, at 56,662.65 in early trade. The Nifty Midcap 100 index was trading at 58,993.20 after gaining 111.50 points, or 0.19 per cent. The Nifty Smallcap 100 index stood at 18,785.05, up 57.20 points, or 0.31 per cent.
Technically, the price action also traced an inside day, indicating that the possibility of a large, single-day trending move is rising, experts said.
Meanwhile, in the Sensex pack, BEL, Eternal, Tata Motors, PowerGrid, Maruti Suzuki, Tata Steel, L&T, Bajaj Finserv, Bharti Airtel, and Titan were the top gainers. On the other hand, Tech Mahindra, Kotak Mahindra Bank, Trent, and ICICI Bank were among the top losers.
Foreign institutional investors (FIIs) were net sellers on June 25, offloading equities worth ₹2,427.74 crore. Meanwhile, domestic institutional investors (DIIs) remained buyers, purchasing equities worth ₹2,372.96 crore.
In the Asian markets, Japan, China, Bangkok, and Jakarta were trading in the green, whereas Seoul and Hong Kong were in the red.
In the previous trading session, the Dow Jones in the US closed at 42,982.43, down 106.59 points, or 0.25 per cent. The S&P 500 ended with a slight loss of 0.02 points at 6,092.16, while the Nasdaq closed at 19,973.55, up 61.02 points, or 0.31 per cent.
—IANS
