Image Source : Trading Fuel
The Nifty 50 rose 0.21% in early trade, supported by banking, IT and consumer stocks, while a few heavyweight metal and energy counters capped further upside. Broader market participation remained stock specific ahead of key global macro data and fund flows, with traders watching foreign investor activity and rupee movements closely.
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India’s benchmark Nifty 50 index opened on a firm note and sustained a modest 0.21% gain as market participants balanced optimism on India’s growth outlook with caution over global interest rate and geopolitical developments. The tone on the Street remained accumulation-focused in quality large caps, with intraday moves largely driven by institutional flows and derivatives positioning.
Domestic cues such as steady GST collections, resilient corporate earnings commentary and expectations of continued policy support helped underpin sentiment, even as traders booked partial profits in recent outperformers. Sector rotation remained evident, with market breadth indicating preference for financials, technology and select autos over commodities and rate-sensitive pockets.
Key Highlights
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Nifty 50 up 0.21%, signalling a mildly positive bias with limited volatility and rangebound intraday action.
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Banking, IT and consumer names provided the bulk of index support, hinting at continued preference for defensives and high-quality growth.
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Metals and energy stocks saw profit-booking, tempering index gains amid global commodity price swings and crude-related worries.
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Traders monitored global equity trends, US yields and foreign portfolio flows for further cues on near-term direction.
Sources: NSE data and leading Indian financial newswires
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