Sensex, Nifty open higher; IT and energy stocks lead gains – Firstpost

Sensex, Nifty open higher; IT and energy stocks lead gains – Firstpost


The Indian equity market opened the week on a cautious positive note, with the BSE Sensex rising 59 points, or 0.07 per cent, to 83,793, while the broader Nifty 50 added 28 points, or 0.11 per cent, to 25,847

The Indian equity market opened the week on a cautious positive note, with the BSE Sensex rising 59 points, or 0.07 per cent, to 83,793, while the broader Nifty 50 added 28 points, or 0.11 per cent, to 25,847.

The Sensex opened at 83,969 and touched an intraday high of 83,979 before drifting slightly to 83,785, indicating a measured start amid mixed global cues. Nifty’s intraday range was 25,836–25,885, trading closer to its 52-week high of 26,373.

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Technology and energy stocks dominated early gains. HCLTECH (+1.65 per cent), Infosys (+1.37 per cent), TECH Mahindra (+1.28 per cent) and TCS (+1.19 per cent) led the IT pack. In the energy space, ONGC surged 1.7 per cent, while TATA Steel (+0.86 per cent), ETERNAL (+0.65 per cent), and SBI (+0.42 per cent) also contributed to the indices’ rise.

On the downside, laggards included Indigo (-1.28 per cent), Adani Ports (-0.46 per cent), and Kotak Mahindra Bank (-0.45 per cent), reflecting profit booking in transport and financial counters.

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