Indian equity markets opened higher on Thursday, with the Sensex climbing 284 points to 85,470 and the Nifty rising 79 points to 26,132 amid strong global sentiment. Broader indices followed suit as the BSE Midcap and Smallcap indices traded firmly in the green.
Adani Ports led early gainers from the Sensex pack, rising over 1.3%, followed by Tech Mahindra, UltraTech Cement, Reliance and M&M. Bharti Airtel, Asian Paints and Infosys were among the early losers, even as the Infosys share buyback opened today.
Market breadth remained positive, with 1,600 Nifty-listed stocks trading in the green. Analysts expect bullish momentum to sustain above 26,000 on the Nifty and 85,000 on the Sensex, with resistance seen at 26,100 and 85,500.
Gift Nifty signalled a positive start, opening 54 points higher at 26,107. Meanwhile, FIIs turned net buyers on November 19, purchasing ₹1,580 crore of equities, while DIIs added ₹6,156 crore.
Asian markets also traded higher as Nvidia’s strong earnings boosted global sentiment, with Japan’s Nikkei, Hong Kong’s Hang Seng, South Korea’s Kospi and China’s SSE Composite all in the green.
