Indian equity indices opened Thursday’s trading session on a subdued note. The NSE Nifty 50 opened flat at 25,604. The BSE Sensex opened 120 points or 0.14% higher at 83,579.
The Bank Nifty opened 70 points or 0.12% lower at 57,757. Similarly, the small and mid-cap stocks opened the day on a muted note. The Nifty Midcap rose 85 points or 0.14% to open at 60,122.
“Yesterday’s holiday saved the Indian market from getting impacted by the mild turbulence in global markets. Today, the scenario is different, with stability returning to markets. In the coming days, the focus of the market will be the developments in the US Supreme Court, which is hearing the petition against Trump tariffs. Observations by some judges that ‘President Trump had overstepped his authority’ is a significant development,” said VK Vijayakumar, Chief Investment Strategist at Geojit Investments.
“If the final judgement goes in line with these observations, there will be major volatility in markets, with emerging markets, particularly India, which has been targeted for a steep 50% tariff, rallying smartly,” added Vijayakumar.
Let’s take a look at the key factors to watch out for today’s trading session
Early gainers and laggards
In early trade, among the Nifty 50, top gainers at this hour were Asian Paints, IndiGo, Mahindra & Mahindra, Adani Ports, and Sun Pharma. On the flip side, the key laggards in the Nifty 50 pack included Hindalco, Grasim Industries, Eternal (Zomato), Shriram Finance, and Power Grid Corp.
Major movers on Thursday
The stocks that were the major movers in the opening trade included Reliance Industries, Mahindra & Mahindra, Asian Paints, State Bank of India, and Larsen & Toubro, which were the major movers in the morning trade.