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2d ago

Sensex and Nifty Climb as Markets Open Higher Despite Geopolitical Tensions

Indian equity benchmarks show resilience with early gains, driven by foreign inflows, positive global cues, and optimism over a potential trade deal with the US.

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Stock market today: Gift Nifty up 15 pts; key levels to watch for Nifty, Sensex & Nifty Bank
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Overview

  • The Sensex rose by 736 points to surpass 80,978 in early trade, while the Nifty gained 181 points to reach 24,511, supported by strong global market performance.
  • Foreign Institutional Investors (FIIs) sustained their buying streak for the 11th consecutive session, with net equity inflows totaling Rs 37,375 crore in April.
  • April's GST collection hit a record Rs 2.37 lakh crore, reflecting robust domestic economic activity and contributing to market optimism.
  • The Reserve Bank of India's 25 bps repo rate cut in April and its shift to an accommodative policy stance bolstered investor confidence.
  • Ongoing India-Pakistan tensions and profit-taking tempered market momentum, with analysts cautioning about near-term volatility despite the positive opening.