Indian benchmark indices opened on a positive note on Thursday, supported by encouraging global cues and a strong indication from GIFT Nifty ahead of the session.
The BSE Sensex rose in early trade while the NSE Nifty50 also moved higher, signalling a recovery after recent losses triggered by geopolitical tensions and rising crude oil prices.
Market sentiment improved after GIFT Nifty traded higher in pre-market deals, suggesting a firm opening for domestic equities. Investors remained cautious, however, as global markets continue to react to developments in the Middle East and fluctuations in oil prices.
Several stocks remained in focus during the session. Shares of MRF, Shriram Finance and Glenmark Pharma attracted attention following recent corporate developments and investor interest.
Sector-wise, buying was seen in metal, realty and oil & gas stocks, while some pressure was visible in defensive sectors. Analysts noted that volatility could persist as investors closely monitor geopolitical developments and global commodity prices.
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