Indian equity indices opened Thursday’s trading session on a higher note. The NSE Nifty 50 rose 73 points or 0.29% to open at 25,397. The BSE Sensex opened 270 points or 0.33% higher at 82,875.
The Bank Nifty opened 385 points or 0.68% higher at 57,184. Similarly, the small and midcap stocks opened the day on a positive note. The Nifty Midcap surged 155 points or 0.26% to open at 59,125.
“Latest comments from the US administration indicate a reduction in the India-US trade tensions and point to the possibility of a US-India trade deal in the next few weeks. China’s tough actions regarding the rare earth magnets have hit the US hard. Therefore, the US is keen on striking a deal with India, with both countries making some concessions. Even though Indian macros are robust and GDP growth projection for FY26 is being revised up, India’s exports and jobs in labour-intensive areas like textiles, gems and jewellery and leather products have been hit hard,” said VK Vijayakumar, Chief Investment Strategist at Geojit Investments.
On the technical front, Vipin Kumar, Assistant Vice President of Technical and Derivatives Research at Globe Capital, stated that Nifty has been consolidating in a range for the past couple of sessions around the upper band of the Triangle pattern. “A decisive cross and sustenance above 25,380-25,450 spot zone on closing basis will instigate the bullish momentum that might take it towards 25,675 and higher levels in the near term,” he added.
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 Axis Bank, Adani Enterprises, Bajaj Finserv, Bajaj Finance, and NTPC. On the flip side, the key laggards in the Nifty 50 pack included Tech Mahindra, Titan, Infosys, Axis Bank, and Dr Reddy’s Lab.