Sensex Opens Slightly Higher; Nifty Nears 25,000 Mark

Indian markets opened with modest gains on Thursday, buoyed by perceived progress in trade discussions between India and the US and global cues.

Around 9:25 AM, the Sensex was up 85 points (0.11%) at 81,510, while the Nifty gained 24 points (0.09%) to reach 24,997.

The broader markets outperformed the benchmarks. The Nifty Midcap 100 rose by 0.16%, and the Nifty Small Cap 100 added 0.28%.

On the positives, stocks like NTPC, ONGC, TCS and SBI saw gains on the Nifty, while laggards included SBI Life, Hero MotoCorp, Dr Reddy’s Laboratories, Tech Mahindra and Trent.

Sector-wise, Nifty Media led the gainers with a jump of 1.46%. Other sectors in the green were PSU banks (+1.11%) and oil & gas (+0.91%).

Several indices made smaller gains or losses as investors weighed mixed signals from global markets.

Global Cues, Trade Talks and Economic Indicators

Investor optimism has been supported by encouraging developments in India-US trade talks.

Additionally, hopes for a US Federal Reserve rate cut have lent support.

In the Asia-Pacific region, China’s consumer price index (CPI) fell by 0.4% year‑on‑year in August, surpassing market expectations.

Markets remain cautious, however, as volatility persists, and mixed global cues continue to temper confidence.

Analysts noted that decisive gains above 25,160 could unlock further upside towards 25,340 for the Nifty.

Closely watched support levels are at 24,950 and 24,850, which are seen as critical to holding current market strength.

The markets have extended their rally for the sixth session, fed by strong domestic cues and foreign institutional investor interest.

However, with global inflation data, central bank moves, and geopolitical risks still at play, investors are expected to tread carefully.

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