New Delhi [India], July 22 (ANI): Indian stock markets prolonged features on Tuesday’s opening session, following a powerful shut on Monday and buoyed by report highs in U.S. indices.
Investors remained optimistic regardless of ongoing international portfolio investor (FPI) promoting, as banking shares continued to assist the market.
The Nifty 50 index opened at 25,166.65, gaining 75.95 factors or 0.30 per cent, whereas the BSE Sensex started the day at 82,527.43, rising 327.09 factors or 0.40 per cent.
Experts famous that investor sentiment has turned constructive amid sturdy cues from the US, the place each the S&P 500 and Nasdaq hit contemporary highs.
Ajay Bagga, a banking and market skilled, advised ANI, ‘India is seeing continued FPI promoting however we noticed banks doing the heavy lifting yesterday. Key helps have been defended and we see a greater market going forward. US markets registered new highs on the S&P 500 and the Nasdaq. Asian markets have adopted the lead. Japan, the place the ruling occasion misplaced the Upper House majority, opened up regardless of the political and tariff uncertainty.’
On the National Stock Exchange, broader indices additionally confirmed power. The Nifty 100 index rose by 0.26 per cent, Nifty 200 added 0.24 per cent, whereas Nifty Midcap 100 and Nifty Smallcap 100 gained 0.11 per cent and 0.49 per cent, respectively.
Among the sectoral indices, the efficiency was blended. Nifty Auto declined by 0.12 per cent, Nifty IT was down 0.02 per cent, and Nifty Pharma slipped 0.17 per cent.
On the constructive facet, Nifty FMCG rose by 0.06 per cent, Nifty Media gained 0.26 per cent, Nifty Metal superior 0.31 per cent, and Nifty PSU Bank moved up by 0.04 per cent.
Akshay Chinchalkar, Head of Research at Axis Securities, mentioned, ‘The Nifty gained 122 factors yesterday to complete the session at 25,091. Technically talking, yesterday’s candle fashioned a bullish harami sample with a protracted decrease shadow, which exhibits demand within the 24,700 – 24,900 space. Bulls want to interrupt above 25,144 for extra near-term aid, nevertheless it’s a every day shut above 25,340 that can tilt the bias of their favor. Asian cues and US index futures are supportive this morning, however with the August 1st tariff deadline approaching, traders ought to anticipate elevated bouts of volatility.’
On the company entrance, numerous key firms are scheduled to report their first quarter earnings for FY26 in the present day. These embody Indian Railway Finance Corporation, Dixon Technologies, JSW Infrastructure, Colgate Palmolive (India), One 97 Communications (Paytm), United Breweries, Dalmia Bharat, KEI Industries, Mahindra and Mahindra Financial Services, Shyam Metalics & Energy, CreditAccess Grameen, Kajaria Ceramics, and Zensar Technologies.
In different Asian markets, Japan’s Nikkei was up by 0.18 per cent. However, different main indices remained underneath strain. Hong Kong’s Hang Seng index was flat in pink, Taiwan’s weighted index declined by 0.33 per cent, South Korea’s KOSPI dropped 0.73 per cent, and Singapore’s Straits Times index was down by 0.25 per cent. (ANI)