Indian equity indices opened in the green on Friday, buoyed by positive signals from Asian and US markets. By 9:46 a.m., the Sensex rose 82 points, or 0.10 percent, to reach 83,267, while the Nifty increased by 40 points, or 0.16 percent, settling at 25,455.
Midcap and smallcap stocks also saw increased buying activity, with the Nifty midcap 100 index climbing 313 points, or 0.53 percent, to 59,665. Meanwhile, the Nifty smallcap 100 index gained 137 points, or 0.72 percent, to reach 19,282.
Almost all sectoral indices traded positively, with significant gains observed in the auto, PSU Bank, financial services, FMCG, metal, real estate, energy, and infrastructure sectors.
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Among the top gainers on the Sensex were JSW Steel, Tata Steel, M&M, Maruti Suzuki, Bharti Airtel, L&T, Nestle, Reliance, Bajaj Finserv, HUL, Sun Pharma, SBI, and Kotak Mahindra Bank. Conversely, Titan, Axis Bank, Tata Motors, NTPC, Bajaj Finance, IndusInd Bank, TCS, and UltraTech Cement saw losses.
Hardik Matalia, a Derivative Analyst, commented on market trends, stating, “After a positive opening, Nifty can find support at 25,350, followed by 25,300 and 25,250. On the upside, 25,500 can be an immediate resistance, followed by 25,600 and 25,650.”
Most Asian markets showed bullish trends, with Tokyo, Hong Kong, Seoul, and Bangkok trading in the green, while Shanghai and Jakarta faced declines. The US markets closed positively on Thursday.
The Japanese yen exhibited volatility ahead of a key monetary policy decision from the Bank of Japan, as traders looked for potential clues regarding tightening measures. Japan’s consumer price index inflation rose as expected in August, reflecting increased consumption driven by higher wages, just before the Bank’s meeting later that day.
On the investment front, foreign institutional investors (FIIs) turned net sellers, offloading equities worth ₹2,547 crore on September 19. In contrast, domestic institutional investors continued to buy, acquiring equities worth ₹2,012 crore on the same day.
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