Are Sensex and Nifty Starting the Day on a Positive Note with IT Stocks Leading the Way?
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Synopsis
The Indian stock markets have begun the day positively, with IT stocks leading the way amid global market support. The Nifty has shown significant bullish momentum, and analysts remain optimistic about future earnings growth in FY27, potentially exceeding 15%. This could be crucial for sustaining market optimism.
Key Takeaways
- The Indian stock market opened positively today.
- IT stocks are leading the early gains.
- The Nifty has shown robust bullish momentum.
- Market breadth remains nearly balanced.
- Analysts predict strong earnings growth for FY27.
Mumbai, Nov 24 (NationPress) The Indian stock markets commenced the day with a slight uptick on Monday, buoyed by favorable movements in global markets.
The benchmark indices rose by as much as 0.1 percent during initial trading. The Sensex was recorded at 85,354, reflecting an increase of 122 points, while the Nifty was at 26,109, up by 41 points.
This week, the Nifty exhibited robust bullish momentum, reaching a historic peak of 26,246 before some profit-taking emerged.
Its closure above the 26,000 level on the daily chart highlights ongoing buying interest, as noted by analysts.
“With the index consistently above its 20, 50, and 200 EMAs, the overall trend remains positive. Significant resistance levels are identified at 26,100 and 26,250, while support is positioned at 26,000 and 25,900, endorsing a buy-on-dips strategy with prudent stop-losses,” they remarked.
Technology and banking shares emerged as the standout performers in the morning session.
Among those gaining between 0.4 percent and over 2 percent on the Sensex were Infosys, Tech Mahindra, HCL Tech, HDFC Bank, TCS, Maruti Suzuki, Titan Company, and Bajaj Finance.
Conversely, several heavyweight stocks pressured the market, with Eternal, M&M, Power Grid, BEL, Tata Motors Passenger Vehicles, Ultratech Cement, Bharti Airtel, and Kotak Mahindra Bank declining by up to 1.2 percent.
The broader market showed signs of recovery as mid-cap and small-cap stocks advanced. The Nifty MidCap index rose by 0.14 percent, while the Nifty SmallCap index noted a gain of 0.13 percent.
Market breadth was relatively balanced, with 1,299 stocks1,214 advancing on the NSE.
In terms of sector performance, the Nifty IT index led the gains with an increase of 1.5 percent, followed by the Nifty PSU Bank index which added 0.7 percent.
On the flip side, the Nifty Realty index dipped by 0.2 percent, and the Nifty India Defence index fell by 1.3 percent, marking it as the most underperforming sector in early trading.
Analysts predict that the markets will continue to be influenced by global cues and investor sentiment throughout the day.
“The primary driver for the rally is anticipated to be strong earnings growth. FY27 is expected to see earnings growth surpassing 15 percent. This serves as a solid fundamental support,” remarked market observers.
Point of View
It is essential to emphasize the resilience of the Indian stock market amid global fluctuations. The current trends in the Sensex and Nifty reflect a robust investor sentiment, particularly in the tech sector. This positive momentum, driven by strong earnings growth projections, showcases the market's potential for sustained growth, aligning with the nation's economic recovery.
NationPress
24/11/2025
Frequently Asked Questions
What factors influenced the positive start of the Indian stock markets?
The positive start was attributed to favorable buying trends in global markets, along with strong performance from technology and banking stocks.
What were the key indices' movements?
The Sensex rose by 122 points to 85,354, while the Nifty increased by 41 points to 26,109 in early trading.
What are analysts saying about market trends?
Analysts noted that the Nifty's closure above the 26,000 mark indicates persistent buying interest and a positive broader trend.
Which sectors performed well in the morning trade?
Technology and banking sectors were among the top performers, with several major companies showing gains.
What is the outlook for the Indian stock market?
The market is expected to continue tracking global cues, with strong earnings growth projected for FY27, which is likely to support ongoing investor interest.
