The Indian stock market opened slightly higher on Tuesday, with the Sensex rising about 110 points and the Nifty 50 hovering close to the 26,000 mark. Early trade sentiment was mildly positive as investors tracked global cues and waited for key domestic data expected later this week.
Metal and realty shares lifted the mood, with both sectors gaining nearly 1%. On the other hand, IT, telecom and FMCG stocks saw some early selling pressure, slipping around 0.5%. Market watchers noted that foreign institutional investors have continued to pull out money over the past few sessions, keeping overall sentiment cautious.
In stock-specific action, Hindalco led the metal pack with over 1% gains, supported by firm global commodity trends. Dr Reddy’s Laboratories also traded higher after receiving approval for a biosimilar product in Europe, boosting investor confidence. Jio Financial Services was another notable gainer in morning trade.
Among the key laggards were FMCG names, with Tata Consumer Products and Nestlé India slipping due to sectoral weakness. Auto major Eicher Motors also traded lower as the broader auto pack showed signs of pressure.
Analysts say that the approaching F&O expiry and upcoming macroeconomic numbers could influence movement in the next few days. Despite the mixed cues, frontline indices stayed in the green through the early session as select heavyweights posted gains.
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