IT Heavyweights Lift Sensex, Nifty Crosses 25,540 in Early Trade
IT Heavyweights Lift Sensex, Nifty Crosses 25,540 in Early Trade
IT giants push Indian equities higher as Sensex and Nifty gain in early session amid mixed sector moves.
Indian equities opened on a firm note, with the benchmark indices extending early gains as information technology heavyweights powered the session. The 30-share Sensex was trading at 82,490.75 at 9:17 am, up 214.68 points or 0.26 per cent from its previous close of 82,276.07. The index opened at 82,418.78 and touched an intraday high of 82,579.16 and a low of 82,404.65 in early trade. The broader Nifty 50 advanced 55.75 points, or 0.22 per cent, to 25,538.25. The index opened at 25,556.30 and oscillated between 25,524.25 and 25,567.60 in the first 20 minutes of trading.
Gains were primarily driven by frontline IT counters, which saw renewed buying interest. Tech Mahindra rose 1.48 per cent, Tata Consultancy Services gained 1.08 per cent, Infosys advanced 1.07 per cent and HCL Technologies climbed 0.96 per cent on the Sensex. On the Nifty 50 leaderboard, Tech Mahindra surged nearly 2 per cent, while Infosys, TCS and HCL Technologies gained between 1 and 1.5 per cent, indicating broad-based strength across large-cap IT names.
Among other index movers, Maruti Suzuki India rose 0.70 per cent, while Reliance Industries added 0.28 per cent. Infrastructure major Larsen & Toubro also edged higher in early trade. Public sector lender State Bank of India and private banking major HDFC Bank traded marginally in the green, lending additional support to the indices. Market breadth on the Nifty remained positive, with 34 stocks advancing, 14 declining and two remaining unchanged.
Gains were tempered by weakness in select financial and consumer stocks. Bajaj Finance slipped 0.45 per cent, UltraTech Cement fell 0.16 per cent, and Asian Paints declined. The session reflected a cautious but constructive mood as IT-led momentum helped offset pockets of selling in other sectors.
