Business

Sensex & Nifty Open Higher Following Positive Domestic Sentiment

Indian equity markets began the week with modest gains on Monday, lifted by favourable domestic factors and mixed but largely positive cues from Asian markets.

As of 9:24 AM, the BSE Sensex had risen 156 points, 0.19% to 82,410, while the NSE Nifty gained 55 points to trade at 25,136.

The broader market showed resilience, with midcap and smallcap indices recording notable gains.

The Nifty Midcap 100 surged by 310 points to reach 59,363, and the Nifty Smallcap 100 climbed 145 points, 0.77% to trade at 19,100.

This widespread buying interest suggested optimism across investor segments, particularly in emerging and growth-oriented stocks.

Among the Sensex constituents, Sun Pharma, BEL, Bharti Airtel, M&M, Tata Motors, Bajaj Finserv, Infosys, Maruti Suzuki, Tech Mahindra, Trent, SBI, TCS, and Bajaj Finance led the gains. However, HCL Tech, Tata Steel, UltraTech Cement, HDFC Bank, ICICI Bank, Axis Bank, and Eternal remained under pressure, ending in the red during early trade.

Hardik Matalia of Choice Broking advised a cautious ‘buy-on-dips’ strategy amid the current backdrop of high volatility and mixed global signals.

“Traders using leverage should remain vigilant and wait for confirmed breakouts,” he said.

Technical experts advised considering fresh long positions only if the Nifty sustains above the 25,378 level.

Until then, traders are expected to watch market behaviour closely and respond to key triggers.

Inflation Data & Rate Cut Expectations

A major driver of positive sentiment was the latest inflation data.

June’s Consumer Price Index (CPI) dropped to 2.10%, significantly below the Reserve Bank of India’s projected figure of 3.7% for FY26. This sharp decline has sparked fresh optimism over a potential rate cut in the coming months, which could further support equities.

Despite the optimistic mood, foreign institutional investors (FIIs) continued their selling streak for the second day in a row, offloading equities worth ₹1,614 crore on July 14.

Meanwhile, domestic institutional investors (DIIs) continued to support the market, purchasing stocks worth ₹1,787 crore for the sixth consecutive session.

Asian market performance was mixed. Tokyo, Hong Kong, and Jakarta posted gains, while Shanghai, Bangkok, and Seoul traded in the red. On Wall Street, US markets closed in positive territory on Monday, further stabilising global investor sentiment.

While domestic fundamentals remain supportive, analysts caution that global developments, fund flows, and key technical levels will be crucial in determining near-term direction.

Advisors urge investors to tread carefully and stay alert to shifts in market momentum.

Also Read: India’s First ISS Astronaut Shubhanshu Shukla Set To Return After Historic 18-Day Mission

Geetanjali Mishra

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