Markets opened on a strong note on Tuesday, with benchmark indices extending their gains in early trade. The BSE Sensex advanced more than 200 points, while the NSE Nifty crossed the key 24,000 mark, supported by buying in auto, banking and pharmaceutical stocks.
Investor sentiment remained upbeat following positive global cues and steady foreign fund inflows. Buying in heavyweight stocks helped lift the indices, even as traders stayed watchful ahead of key global economic developments.
Among the top performers, Maruti Suzuki jumped nearly 3% after witnessing strong buying interest, emerging as one of the biggest gainers on the Sensex. Other stocks such as Sun Pharma, ICICI Bank and Mahindra & Mahindra also traded higher, contributing to the market’s early strength.
However, gains in the broader market were capped by weakness in select information technology stocks. Infosys, TCS and Wipro remained under pressure as investors turned cautious over the sector amid concerns about global demand and the outlook for technology spending.
Investors continue to favour domestic-focused sectors such as automobiles, banking and healthcare, while remaining selective in export-oriented segments like IT. They added that global market trends, crude oil prices, foreign institutional investor activity and upcoming economic data will remain key drivers for market direction in the coming sessions.
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