Stocks surge in early trade: Sensex & Nifty hit strong gains
The domestic stock market opened bullish today, following a global market rally spurred by US President Donald Trump’s indication of a tariff war softening. As soon as trading began, both the Sensex and Nifty indices rose, driven by strong buying support. However, after the first half hour, both indices saw a slight dip due to profit booking. At the one-hour mark, the Sensex gained 0.69%, and the Nifty rose by 0.66%.
Top stocks like Hindalco Industries, Tata Motors, ONGC, Bharat Electronics, and Larsen & Toubro gained between 2.13% and 3.08%. In contrast, shares of Trent Limited, Bharti Airtel, Apollo Hospital, Power Grid Corporation, and Hindustan Unilever showed declines of 1.12% to 5.32%.
Trading remained active with 2,388 shares, where 1,910 gained, and 478 saw losses. Of the 30 Sensex stocks, 21 were in the green due to buying, while 9 were in the red from selling pressure. Similarly, of the 50 Nifty stocks, 35 were up, and 15 were down.
BSE’s Sensex opened at 77,687.60 points, rising 500.86 points. It hit 77,951.81 points within the first half hour, boosted by buying, before profit booking caused a slight decline. By 10:15 am, the Sensex stood at 77,722.29 points, gaining 535.55 points.
NSE’s Nifty began at 23,509.90, up by 148.85 points. It peaked at 23,582 points, before experiencing a slight decline. At 10:15 am, Nifty traded at 23,514.85, with a gain of 153.80 points.
On the previous trading day, the Sensex ended at 77,186.74 points, down 319.22 points (0.41%), while Nifty closed at 23,361.05, falling by 121.10 points (0.52%).
