Nifty 50 Springs Back: Markets Open on a High with 0.29% Jump!

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India’s benchmark Nifty 50 index kicked off Thursday’s trading session on a positive note, rising 0.29% in early trade. The upbeat start follows two consecutive sessions of declines and reflects renewed investor optimism driven by robust global and domestic signals.

Positive Market Opening

Nifty 50 opened up by 0.29%, reversing the prior day’s losses and signaling renewed buying interest.
The Sensex also mirrored this positive momentum, tracking gains across Asian markets.

Global Sentiment Boost

Strong cues from global equities, especially after a US court blocked Trump-era tariffs, lifted investor confidence.
Upbeat earnings from US tech giant Nvidia and gains in Asian indices like Japan’s Nikkei and South Korea’s Kospi further supported sentiment.

Domestic Factors in Focus

Sustained buying by foreign portfolio investors (FPIs) and domestic institutional investors (DIIs) continues to underpin the market’s strength.
Recent industrial output data showed a 2.7% year-on-year growth in April, providing a modest but stable economic backdrop.

Sectoral Performance

Early trade saw strength in banking and financial services stocks, while FMCG and metals remained subdued.
Broader markets outperformed, with midcap and smallcap indices posting modest gains.

Technical Outlook

Analysts identify key support for Nifty at 24,570 and resistance at 25,000–25,100.
A sustained move above 25,000 could trigger further buying, while caution is advised amid range-bound trading.

Market Watch

Investors are closely monitoring Q4 earnings, F&O expiry, and upcoming macroeconomic data for further direction.

Source: NDTV Profit