The equities opened higher on Thursday, where the Sensex rose over 100 points in early trade, while the Nifty moved nearly 40 points higher to stay above the 25,800 mark. It tracked the positive global sentiment after the US Federal Reserve cut interest rates by 25 basis points. Buying was visible across metals, auto, banking, IT and real estate stocks, with traders noting that the market, though cautious at the open, strengthened as expectations of improved global liquidity took hold.
Metals led the early advance, supported by firm global commodity prices. Among the key gainers at 9:30 AM were DCM Shriram, which climbed 5.70 percent, JSW Holdings, BSE, Kaynes Technology India and ACME Solar Holdings, all rising between 2 and 3 percent.
On the other hand, pressure persisted in select counters. Tata Teleservices (Maharashtra) fell 4.08 percent at 9:34 AM, followed by declines in Godfrey Phillips India, Transformers & Rectifiers (India), Balrampur Chini Mills and Go Digit General Insurance.
Profit-booking in consumer-focused and midcap stocks capped the market’s overall upside. IndiGo also slipped more than 2 percent after the airline lowered its quarterly capacity and revenue guidance.
Analysts said volatility is likely to continue through the session, with global cues remaining the key driver. They added that while the Fed’s rate cut offers short-term relief, domestic triggers will be essential to sustain further gains in the broader market.
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