Stock Market Opens on a High Note: Sensex and Nifty Surge in Early Trade

New Delhi: The domestic stock market kicked off the week on a strong note, with both major indices — Sensex and Nifty — witnessing an upward trend in early trade today. Trading began with strength, though some initial profit-booking led to brief selling pressure. Despite this, the market remained firmly in the green.

After about 15 minutes of minor selling, buyers returned with renewed vigor, pushing both Sensex and Nifty higher. This surge helped the Sensex cross the 79,000 mark and the Nifty to move past 24,000 once again. By 10 AM, Sensex was trading up by 0.78% and Nifty by 0.75%.

Among the top-performing stocks by 10 AM were Tech Mahindra, Axis Bank, State Bank of India, Trent Ltd., and HDFC Bank, gaining between 1.21% and 3.64%. On the downside, HDFC Life, ITC, Bharti Airtel, Maruti Suzuki, and Hindustan Unilever were trading lower by 0.91% to 1.34%.

So far, 2,410 stocks were actively traded on the stock market, out of which 1,688 were in the green while 722 were in the red. On the Sensex, 20 out of 30 stocks were trading positively, while 10 were under selling pressure. On the Nifty, 30 out of 50 stocks were in the green and 20 in the red.

The BSE Sensex opened at 78,903.09, up 349.89 points. Profit-booking right after the opening pulled it down briefly to 78,776.06, but strong buying quickly took over, pushing the index up to 79,165.95, a rise of 612.75 points by 10 AM.

Similarly, the NSE Nifty opened 97.50 points higher at 23,949.15 but slipped to 23,903.65 shortly after. However, robust buying propelled it upward again, and by 10 AM, it was trading 179.15 points higher at 24,030.80.

In the previous session on Thursday, the last trading day of the previous week, the Sensex had closed 1,508.91 points (1.96%) higher at 78,553.20, while the Nifty gained 414.45 points (1.77%) to close at 23,851.65.

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