Sensex Jumps 553 Points and Nifty Surpasses 23560 at Opening Bell Led by FMCG and IT Stocks
Dalal Street kicked off Tuesday's trading session on an upbeat note, carrying forward strong upward momentum from the previous day's rally. In early morning trade, the 30-share BSE Sensex advanced 553.17 points, or 0.73 per cent, to touch 76,245.95, while the broader 50-share NSE Nifty 50 gained 132.70 points, or 0.57 per cent, to cross the 23,568 mark.
The broad-based gains were supported by widespread buying interest across FMCG, chemical, and information technology shares, even as global markets witnessed an unwinding of artificial intelligence-related trades.
Sectoral Trends and Morning Gainers
The Nifty FMCG index stood out as the leading sectoral performer at the open, buoyed by defensive accumulation and steady institutional inflows. Conversely, profit-taking was visible in defensive healthcare names, making the Nifty Pharma and Nifty Healthcare indices the day's primary laggards.
Individual stock performances within the benchmark Nifty 50 index were anchored by transport, financial, and consumer goods majors.
Top Movers in Early Trade:
- InterGlobe Aviation (IndiGo): Surged 3.52 per cent to trade at ₹5,102.45.
- Indian Oil Corporation (IOC): Advanced 2.71 per cent to ₹138.15, continuing to benefit from softer crude oil inputs.
- Shriram Finance: Rose 2.70 per cent to ₹886.30 on sustained lending demand.
- Nestle India & TVS Motor: Gained traction among large-cap consumer and auto picks.
Primary Market: Five IPOs in the Spotlight
Activity in India’s primary market remained bustling, with subscription counters busy across multiple public issues:
- Vedant Poly Fabs IPO: The company's ₹56.68 crore public offer entered its second day of bidding, seeing active participation from non-institutional and retail participants.
- Final Bidding Day for Four Issues: The public offers of Johnsoncab Electricals, HGS (India), Vectras Enprocon, and Maxwell Engineering Solutions entered their third and final day of subscription, drawing last-minute institutional and high-net-worth investor bids.
Market Backdrop
The firm opening follows a bumper session on Monday, where benchmark indices staged an aggressive advance. In the prior trading session, the Sensex had surged 1,233 points (1.66 per cent) to close at 75,692.78, while the Nifty 50 leapt 388 points (1.68 per cent) to settle at 23,440.80. That rally was anchored by heavyweights such as Reliance Industries and reinforced by easing crude prices following geopolitical developments.
While overseas volatility and swings in international technology stocks continue to warrant caution, healthy domestic balance sheets and steady retail participation have kept benchmark indices firmly in positive territory.
