Nifty 50 Opens on Positive Note Despite Geopolitical Cautiousness, Gains 0.07%

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India's flagship Nifty 50 index began Thursday's trading with a slight gain of 0.07%, indicating strength in the face of continued geopolitical uncertainty and global market unease. The benchmark index opened at 24,431.5, a rise from the last close at 24,379.6, and traded close to 24,405 during initial trade.

Key Highlights

The upbeat open follows investors balancing recent India-Pakistan border events and waiting for stronger signals from global markets and the US Federal Reserve policy stance.
Market mood is still wary but upbeat, with experts citing solid foreign institutional investor (FII) flows as a major cushion. FIIs have pumped in over ₹43,000 crore into Indian equities in the last fortnight alone, assisting the market in digesting volatility.
Technical analysts point out that Nifty is likely to be in the 24,100–24,600 range in the near future. The nearest support is at 24,200, while resistance is likely between 24,500 and 24,590.
India's Free Trade Agreement with the UK has its own sectors, including autos and textiles, performing well, while defense stocks have seen some profit taking following recent bounces.

In spite of the subdued international cues and domestic tensions, the overall market remains strong, with midcaps and smallcaps outpacing the benchmark.

Investors should remain alert as the market absorbs geopolitical developments and international economic indicators, but the Nifty's smooth start indicates inherent faith in India's growth story.

Sources: CNBC TV18, India Today, Moneycontrol