The Indian stock market opened with mild gains on Tuesday, supported by positive global cues, with buying seen in the auto, IT, and financial services sectors in early trade.
As of 9:22 a.m., the Sensex was trading 122.13 points, or 0.15% higher, at 82,282.10, while the Nifty gained 35.85 points, or 0.14%, at 25,238.20.
The Nifty Bank index was down 26.30 points, or 0.05%, at 55,258.45. The Nifty Midcap 100 index fell 12.95 points, or 0.02%, to 58,686.55, while the Nifty Smallcap 100 index rose 4.25 points, or 0.02%, to 18,293.15.
Experts noted that the near-term trend for the Nifty would depend on whether declines extend beyond the 25,200–25,000 range. Early gains may continue if the index holds above 25,238, but a sustained rise above 25,278–25,335 would be required to gain strong momentum.
Among Sensex stocks, top gainers included Maruti Suzuki, M&M, Tata Motors, Infosys, HDFC Bank, Tech Mahindra, and Axis Bank. Top losers were Ultratech Cement, Sun Pharma, Trent, and Asian Paints.
In Asian markets, Jakarta, Bangkok, Japan, and Seoul traded in green, while Hong Kong and China were in red.
On Wall Street, the Dow Jones closed at 46,381.54, up 66.27 points, or 0.14%. The S&P 500 rose 29.39 points, or 0.44%, to 6,693.75, and the Nasdaq gained 157.50 points, or 0.70%, to 22,788.98.
Analysts said sustained FII selling, driven by high valuations in India and more attractive valuations abroad, has been a major drag on the market since the September 2024 peak.
Foreign institutional investors (FIIs) sold equities worth Rs 2,910.09 crore on September 22, while domestic institutional investors (DIIs) bought equities worth Rs 2,582.63 crore. So far this year, FIIs have net sold Rs 179,200 crore in equities through the exchanges, compared with Rs 121,210 crore in 2024.
–IANS
