Are Indian Stock Markets Opening Higher Amid Positive Global Signals?
Synopsis
Key Takeaways
- Sensex opened at 84,866.06, up 384.25 points.
- Nifty index traded at 25,926.90, up 104 points.
- Major stocks like Infosys and Bajaj Finserv saw gains.
- All sectoral indices were trading higher.
- Investors are cautious ahead of key economic indicators.
Mumbai, Dec 19 (NationPress) The Indian stock markets commenced the day on a positive trajectory this Friday, influenced by favorable global market trends, although benchmark indices appeared set to conclude the week on a negative note for the third consecutive time.
At approximately 9:20 AM, the Sensex was reported at 84,866.06, reflecting an increase of 384.25 points or 0.45 percent.
The Nifty index also showed an upward trend, trading at 25,926.90, up by 104 points or 0.4 percent.
There was notable buying activity in several major stocks. Shares of TMPV, Eternal, Infosys, Power Grid, BEL, Sun Pharma, and Bajaj Finserv saw gains of up to 1.5 percent, marking them as the top performers on the Sensex.
Conversely, ICICI Bank and Bharti Airtel were the only stocks facing losses during the early trading hours.
On a sectoral basis, all indices were showing an upward movement. The Nifty Healthcare index led the gains with an increase of 1.14 percent, closely followed by the Nifty Pharma index, which rose by 1.1 percent.
The Nifty Auto index also experienced a rise of around 0.5 to 0.57 percent.
The broader market trends echoed this positive sentiment, with the Nifty Midcap index climbing by 0.45 percent, while the Nifty Smallcap index increased by 0.47 percent.
Meanwhile, investors are exercising caution in light of several crucial global and domestic events on the horizon.
Globally, market participants are attentive to retail sales figures from the UK, wage tracker statistics from the euro region, and the US Federal Reserve’s balance sheet updates. Domestically, investors are looking forward to the minutes from the Reserve Bank of India’s Monetary Policy Committee meeting and the latest foreign exchange reserve statistics.