Indian stock markets opened higher on Tuesday, driven by positive global cues and gains in auto, IT, and financial sectors. Sensex was up 122 points at 82,282.10, while Nifty rose 35 points to 25,238.20 in early trade.
Nifty Bank declined slightly by 26 points to 55,258.45, while Nifty Midcap 100 slipped 12 points to 58,686.55. The Nifty Smallcap 100 index gained 4 points to reach 18,293.15. Experts said near-term Nifty trends will depend on support between 25,200 and 25,000 levels.
Top Sensex gainers included Maruti Suzuki, M&M, Tata Motors, Infosys, HDFC Bank, Tech Mahindra, and Axis Bank. Ultratech Cement, Sun Pharma, Trent, and Asian Paints were the main losers. Asian markets mostly traded higher, except Hong Kong and China.
Foreign institutional investors (FIIs) were net sellers, offloading equities worth Rs 2,910 crore on September 22. Domestic institutional investors (DIIs) purchased Rs 2,583 crore. Analysts said FII selling since 2024 has impacted markets due to high Indian valuations compared to global opportunities.
