Indian Stock Indices Open Higher: Sensex Gains 126

Indian stock indices opened on a positive note on Thursday, with both the BSE (Bombay Stock Exchange) and NSE (National Stock Exchange) indices showing early gains. The BSE Sensex rose by 126 points or 0.16%, trading at 80,208, while the Nifty 50 climbed by 29.80 points, trading at 24,465. Over 50% of the stocks on the Sensex were trading in the green, with Tata Motors leading the gains at 0.51%.

Share Price Movement

Tata Motors' share price saw a 0.51% increase, trading at ₹882.15 as of 2:10 PM IST. Other strong performers included HDFC Bank, up 0.97%, trading at ₹1,752.60, Adani Ports & SEZ, which climbed 0.56% to ₹1,347.90, Mahindra & Mahindra, up 1.56%, trading at ₹2,837.10, and Sun Pharma, which gained 0.36%, trading at ₹1,845.90.
In contrast, Hindustan Unilever experienced a 4.18% decline, followed by losses in Nestle India, ITC, Maruti Suzuki India, and Bharti Airtel. As of 2:10 PM IST, Hindustan Unilever's share price was trading at ₹XXX.

Sector Performance

In terms of sector performance, the FMCG index experienced a pullback of 1.55%, while the Metal index declined by 1%. The Consumer Durables index also showed losses. However, other sectoral indices like Realty, Financials, Pharma, and Healthcare were trading higher. The Realty index was the top sectoral gainer, advancing by 1.26%.
Broader market performance also showed upward momentum, with the Nifty Midcap 100 rising by 0.19% and the Nifty Smallcap 100 advancing by 0.51%.

Global Cues

Global market trends were mixed on Thursday following a decline in U.S. stocks overnight. South Korea’s Kospi fell by 0.37% after missing GDP growth estimates, while Japan’s Nikkei 225 rose by 0.48%. Australia’s S&P/ASX 200 also showed a marginal gain of 0.14%.

On Wall Street, all three major indices ended lower, with the Dow Jones Industrial Average falling by 0.96% to 42,514.95, and the Nasdaq Composite dropping by 1.60% to 18,276.65.

At the time of writing, the BSE Sensex remained positive, with stocks like Tata Motors trading at ₹882.15, HDFC Bank at ₹1,752.60, and Adani Ports & SEZ at ₹1,347.90. Keep an eye on share market news and updates from the Indian Stock Market for more on market performance, stock indices, and sectoral trends from both the BSE and NSE.