Indian stock markets opened on a positive note on Tuesday, following strong early cues. The Nifty 50 index jumped over 100 points in the initial hours of trade and is now comfortably trading above the 25,150 mark, inching closer to its recent high near 25,200. Similarly, the Sensex saw a gain of over 350 points, reclaiming the 82,000 level, indicating strong investor sentiment.
The upbeat start is driven by positive global cues, firm domestic macro data, and expectations of continued foreign investor inflows. Market participants also remain optimistic about Q1 earnings and ongoing policy support.
Among key movers in early trade, IndiaMART InterMESH Ltd. surged over 5% after receiving a favorable rating from a leading brokerage firm. The report highlighted strong fundamentals, improved margins, and promising future growth potential, boosting investor interest in the stock.
On the other hand, telecom stocks witnessed mild pressure. Shares of Vodafone Idea and Bharti Airtel were trading marginally lower, reflecting mixed sentiment in the sector amid ongoing tariff discussions and regulatory updates. Despite this, broader market sentiment remained largely positive, with buying seen across sectors like banking, IT, and capital goods.
Market experts believe that as long as Nifty holds above the crucial support zone of 24,800, further upside cannot be ruled out. Immediate resistance levels for Nifty are seen at 25,200, followed by 25,300. For the Sensex, sustaining above the 82,000 mark could open the path towards its previous highs.
Overall, the start to the trading session indicates bullish undertone, though analysts suggest keeping an eye on global market trends, crude oil prices, and institutional flows for sustained momentum.
