Indian stock markets opened higher on Thursday, supported by renewed global optimism following a sharp rebound in technology stocks.
The positive momentum from international markets helped lift domestic indices at the start of trade.
In early trading, the Sensex rose by 161 points, or 0.19 per cent, reaching approximately 85,347.
The Nifty also moved up by 58 points, or 0.22 per cent, to 26,110, reflecting steady buying interest across key sectors.
Market analysts noted that Nifty’s immediate resistance stands at 26,150, followed by 26,200.
On the downside, the 25,900–25,950 range is expected to provide strong support and remains a preferred accumulation zone for positional traders.
Several major large-cap stocks traded higher in the morning session.
Axis Bank, Adani Ports, Mahindra & Mahindra, Bajaj Finance, Hindustan Unilever, Adani Enterprises, and Power Grid registered gains of up to 1.5 per cent, contributing to the broader market’s upward bias.
Sectoral Performance Mixed
Sector-wise performance showed a mixed but largely positive trend.
- Nifty Metal and Nifty Auto gained 0.3 per cent each.
- Nifty FMCG added 0.2 per cent.
- Nifty IT and Nifty Bank, however, traded slightly lower in early deals, reflecting mild profit-taking after recent gains.
Investor confidence improved significantly after AI major Nvidia reported robust quarterly earnings, surpassing Wall Street expectations for both revenue and profit.
This strong performance triggered a surge in global tech stocks.
Asian markets responded positively, rising up to 4 per cent, while US indices closed higher between 0.1 per cent and 0.6 per cent, reinforcing the optimistic sentiment.
Improving Fundamentals Support Bullish Trend
Market watchers said that the domestic outlook continues to strengthen.
They observed that the situation has shifted from ‘strong macros but weak micros’ at the start of the year to ‘strong macros and improving micros’, suggesting healthier corporate earnings and sustained economic resilience.
They added that global banks now view India as fairly valued and attractive in the current environment, further supporting investor inflows and broad-based market stability.
Investor flows also turned supportive. Foreign institutional investors recorded net purchases worth ₹1,580 crore on 19 November, while domestic institutional investors added ₹1,360 crore.
This combined inflow contributed to the buoyant market mood.
With strong global cues, improving domestic fundamentals, and healthy institutional buying, the Indian stock market appears poised to sustain its bullish momentum in the near term.
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