The Indian stock market started Thursday’s session on a strong note, lifted by firm global cues and early buying interest in information technology and metal counters.
The BSE Sensex was trading 237.56 points or 0.29% higher at 81,549.88 by 9:29 AM, while the NSE Nifty gained 57.00 points or 0.23% to reach 24,809.45.
The broader market indices also reflected positive momentum.
The Nifty Bank index rose 86.95 points or 0.16% to 55,503.95, while the Nifty Midcap 100 was up by 105.80 points or 0.19% at 57,247.20.
The Nifty Smallcap 100 climbed 85.20 points or 0.48% to 17,869.20, suggesting investor confidence across sectors.
Despite the Nifty falling for two consecutive days earlier in the week, the India VIX, an indicator of market volatility, also dropped.
This combination, according to analysts, signals that investors are not aggressively seeking downside protection, a typical sign of underlying bullish sentiment.
Akshay Chinchalkar, Head of Research at Axis Securities, stated, “We continue to maintain that 24,462 is the critical level that will decide whether this is a near-term dip or the start of a deeper downturn. Currently, we are holding above it, and so the view is that this is still a buyer’s market.”
Among the Sensex constituents, top gainers included Infosys, Tata Steel, Tech Mahindra, Sun Pharma, HCL Tech, Tata Motors, HDFC Bank, Power Grid, TCS, and L&T.
Bajaj Finance stood out as the sole major laggard in early trade.
Asian markets contributed positively to the upbeat mood.
Hong Kong, Bangkok, Seoul, China, and Japan were all trading in green, while only Jakarta recorded a decline.
However, sentiment remained cautious in the US markets, where major indices closed lower in the previous session.
The Dow Jones fell 244.95 points (0.58%) to 42,098.70, the S&P 500 dropped 32.99 points (0.56%) to 5,888.55, and the Nasdaq declined 98.23 points (0.51%) to 19,100.94.
US President Donald Trump’s tariff-related policies remain a concern.
Dr VK Vijayakumar, Chief Investment Strategist at Geojit Financial Services, commented, “The US Federal court striking down the reciprocal tariffs is a clear message that the president cannot ride roughshod over markets and economy with his decisions.”
Foreign institutional investors (FIIs) were net buyers, purchasing ₹4,662.92 crore worth of equities on May 28.
Meanwhile, domestic institutional investors (DIIs) bought equities worth ₹7,911.99 crore, continuing to support market sentiment.
The positive opening sets a hopeful tone for the day, with traders closely watching global cues and sectoral movements.
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