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Sensex, Nifty gain in early trade after opening flat; Tech, Metal Stocks rally

To start the day, domestic stock markets were unchanged, but they quickly inched upward in response to global trends. The benchmark for the BSE, the Sensex, increased by 327.26 points, or 0.55 percent, to trade at 59,462.39 at 9.20 a.m., while the NSE Nifty50 increased by 109.80 points, or 0.63 percent, to trade at 17,522.70.

The Sensex pack’s top gainer was Tech Mahindra, which increased by 8.42%; HCLTech gained 1.15%; Wipro and TCS gained 0.80 and 0.75 percent, respectively; and gains in IT stocks were the main drivers of this early-morning rally.Tech Mahindra gained 8.42 percent; HCLTech gained 1.15 percent; and Wipro and TCS gained 0.80 and 0.75 percent, respectively. The Nifty IT index as a whole increased by 1.53 percent. The metal stock market was also up 1.35 percent, which helped add to the overall increase.

In the early going, broader markets showed a mixed performance, with the Nifty 100 gaining 0.59 percent, the Nifty 200 gaining 0.49 percent, and the Nifty 500 trading 0.42 percent higher. In the meantime, both the Nifty Smallcap 250 and the Nifty Microcap 250 saw their values drop by 0.20 percent.

Tech Mahindra, Adani Enterprises, Apollo Hospitals, and JSW Steel were among the top gainers during the morning session. On the other hand, IndusInd Bank, Hero Motocorp, Tata Motors, and Titan were among the top losers when the market opened.

At the same time, Adani Power increased its value by 4.53 percentage points and was trading at Rs 1,941.55 on the BSE. Adani Enterprises increased its value by 2.38 percent. Both Adani Transmission and Adani Total Gas were unable to break free from the upper circuit restriction of 5 percent.

On the BSE, trading for Adani Ports was negative, as the company’s share price fell by 0.28 percent.

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