Nifty 50 Turns Positive, Gains 0.15% in Early Trade

The Nifty 50 index turned positive in morning trade, rising 0.15% after opening weaker. The rebound was driven by selective gains in financial and consumer sectors, offsetting persistent weakness in IT stocks.

Market experts note that the index is consolidating after last week’s declines, with traders closely watching global cues and domestic earnings.

Key Highlights

• Nifty 50 Performance: Up 0.15% in early trade, reversing pre-open weakness.
• Support Zone: Immediate support at 25,000; resistance near 26,000.
• Sector Trends: Financials and consumer stocks lifted sentiment; IT remains under pressure.
• Global Influence: Weakness in Asia-Pacific markets and cautious global outlook weigh on investor mood.
• Analyst View: Consolidation likely to continue, with stock-specific action dominating short-term moves.

The turnaround underscores investor resilience despite global volatility. Analysts advise monitoring sectoral rotation and earnings announcements, as these will shape the index’s trajectory in the coming sessions.

Sources: Business Standard, BloombergQuint, The Hindu BusinessLine.