By Sensex and Nifty rose today, tracking gains across global markets alongside easing crude oil prices.
The BSE Sensex was up nearly 0.2 percent as of 10:06 am, with the NSE Nifty registering a similar advance.
The IPO rush currently underway has diverted liquidity, capping the extent of today’s gains in the broader market.
The Sensex had closed 21.86 points lower at 74,314.59 on Thursday, while the Nifty ended 53 points higher at 23,270.60.
Thursday’s session saw realty and pharma sectors outperform, with the broader market posting stronger gains than the headline indices.
On Thursday, September 17, the Sensex closed 21.86 points lower at 74,314.59, while the Nifty ended 53 points higher at 23,270.60.
Realty, pharma and broader market indices had outperformed the headline benchmarks in Thursday’s session, with the Nifty Midcap 100 and Smallcap 100 both posting stronger gains.
Market breadth on Thursday was healthier than the headline numbers suggested, with more stocks advancing than declining across the exchange.
Foreign institutional investor flows and crude oil price movements remain key factors that market participants are tracking closely this week.
Sector-specific trends, including movements in IT, banking and auto stocks, continue to influence the overall direction of the benchmark indices.
Indian equity markets have shown a mixed but broadly resilient trend through much of September, navigating global rate expectations and domestic IPO activity.
Retail and institutional investors alike are watching upcoming corporate earnings and macroeconomic data releases for cues on market direction in the coming weeks.
Analysts note that while headline index moves have been modest recently, sector rotation has kept trading activity elevated across the broader market.
As of around 10:06 am today, the BSE Sensex was up roughly 0.2 percent, with the NSE Nifty advancing by a similar margin.
Positive global cues, including advancing shares across major markets and easing crude oil prices, supported the higher opening in Indian equities.
National Stock Exchange of India (representative image), Wikimedia Commons, CC BY-SA 2.0
