Business

Sensex Gains 63 Points; Nifty Crosses 25,120 In Early Trade

The Sensex rose 63 points, or 0.08 per cent, to 81,990, while the Nifty gained 16 points, or 0.06 per cent, to trade at 25,124 in early deals.

Titan emerged as the top gainer on the Sensex, rising around 4 per cent intra-day after releasing its Q2 FY26 business update.

Other notable gainers included Infosys, TCS, Tech Mahindra, HCL Tech, Asian Paints, and Trent, which recorded gains of up to 2 per cent. Conversely, Tata Motors, Power Grid, BEL, HUL, Sun Pharma, and Kotak Bank were among the top losers, slipping by up to 1 per cent.

In the wider markets, performance remained subdued. The Nifty MidCap index rose 0.19 per cent, while the Nifty SmallCap index edged up 0.23 per cent.

Among sectoral indices, IT stocks led the gains, with the Nifty IT index advancing 1.2 per cent on the NSE. The Nifty Pharma and Metal indices also recorded moderate increases of 0.4 per cent each.

However, the Nifty Realty and Nifty PSU Bank indices faced selling pressure, declining 0.36 per cent and 0.27 per cent, respectively.

Analyst Insights

Market experts noted that the trend this week is likely to remain stock-specific, as investors track quarterly earnings updates and global cues.

“The ongoing mild rally in the market has support from institutional investments. FIIs turning buyers yesterday is a positive development,” analysts observed.

They further added that festival-season demand for automobiles and consumer durables is expected to reflect in Q3 results, making high-frequency data from real markets crucial for investors.

Given prevailing uncertainty and heightened volatility, analysts recommended a cautious ‘buy-on-dips’ approach, especially for leveraged positions.

Traders should take fresh long positions only if the Nifty sustains above the 25,250 mark, ensuring a buffer against potential short-term corrections.

Investors should remain selective and closely monitor sector-specific developments, particularly in IT, consumer durables, and metals, which will likely influence market sentiment in the coming days.

Earnings updates, combined with institutional support, will guide trading decisions on Dalal Street.

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Anamika Agarwala

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