Sensex Opens Higher, Trades Flat Amid Mixed Global Cues

Indian equity indices opened higher on Thursday but quickly eased due to mixed global market signals. By 9:48 AM, the Sensex had gained 31 points, or 0.04%, to reach 82,374, while Nifty rose by 13 points, or 0.05%, to stand at 25,212.

Market sentiment remained largely positive. On the National Stock Exchange (NSE), 1,738 shares traded in the green, while 521 shares were in the red. Midcap and smallcap stocks saw strong buying interest, with the Nifty Midcap 100 index up by 252 points (0.43%) to 59,475, and the Nifty Smallcap 100 index up by 258 points (1.34%) to 19,580.

Sector-wise, financial services, pharma, FMCG, metal, private banks, and energy stocks were the major gainers, while auto, IT, PSU banks, and realty stocks lagged.

Also Read: Haryana Elections: BJP MLA Resigns After Losing Ticket

According to market experts, stability in the US markets has helped boost Indian market sentiment. However, they caution that any significant rise in benchmark indices could attract foreign institutional investor (FII) selling, keeping gains moderate.

Top gainers in the Sensex pack included UltraTech Cement, Tata Steel, ITC, Wipro, ICICI Bank, and JSW Steel. On the losing side, Nestle, Bharti Airtel, Bajaj Finserv, and Sun Pharma saw declines.

Asian markets showed mixed results, with Tokyo, Hong Kong, and Seoul in the red, while Bangkok and Jakarta posted gains. US markets closed mixed on Wednesday.

Foreign institutional investors (FIIs) continued their buying spree, purchasing equities worth Rs 975 crore on September 4, marking their fifth consecutive day of buying.