Markets Open Higher As Metals, Auto & Financials Lead; Global Sentiment Mixed

Markets began Thursday’s session on a positive note, with gains in metal, auto, and financial services pushing indices higher despite mixed global cues.

By 9:26 AM, the Sensex had risen 239.27 points or 0.29% to reach 82,994.78, while the Nifty 50 was up 84.20 points or 0.33%, standing at 25,328.95.

Analysts attributed the early optimism to a ceasefire between Israel and Iran, which has helped push global markets into a ‘risk-on’ mode.

However, caution remains due to unresolved issues around reciprocal tariffs.

“The market focus in the near-term will be on what transpires around July 9th when the 90-day pause of the reciprocal tariff ends. Which countries will succeed in negotiating bilateral trade deals with the US will be keenly watched,” Dr VK Vijayakumar, Chief Investment Strategist, Geojit Investments Limited, noted.

He further added, “Positive news on a potential India-US deal will be a shot in the arm for the market.”

Among sectoral indices, Nifty Bank edged up 41.50 points or 0.07% to 56,662.65.

Nifty Midcap 100 rose 111.50 points or 0.19% to 58,993.20, while the Nifty Smallcap 100 climbed 57.20 points or 0.31% to 18,785.05.

Technical indicators also pointed to potential for a strong market move, as the previous session had formed an “inside day” pattern—often a precursor to a breakout.

“Immediate resistance sits inside the 25,310-25,360 zone and higher at 25,500, while immediate support rests between 24,960 and 25,010. Below this, 24,800 is the level bulls must defend if a visit into the 25,500-25,800 area is coming,” stated Akshay Chinchalkar, Head of Research at Axis Securities.

Markets: Top gainers and laggards

In early trading, major Sensex gainers included BEL, Eternal, Tata Motors, PowerGrid, Maruti Suzuki, Tata Steel, L&T, Bajaj Finserv, Bharti Airtel, and Titan.

On the losing side were Tech Mahindra, Kotak Mahindra Bank, Trent, and ICICI Bank.

Foreign institutional investors (FIIs) were net sellers on 25 June, offloading equities worth ₹2,427.74 crore, while domestic institutional investors (DIIs) continued their buying trend, investing ₹2,372.96 crore.

Asian markets showed mixed performance. Japan, China, Bangkok, and Jakarta traded in the green, whereas Seoul and Hong Kong remained in the red.

In the US, the previous session saw the Dow Jones dip 106.59 points to 42,982.43 (-0.25%), the S&P 500 closed marginally lower at 6,092.16 (-0.02), and the Nasdaq gained 61.02 points to finish at 19,973.55 (+0.31%).

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