Indian equity benchmark indices opened firmly in the green on Thursday despite weak global signals, with the BSE Sensex and NSE Nifty 50 defying bearish cues from Asian and US markets. IT stocks emerged as the standout performers in early trade, led by a sharp rise in Infosys, while broader market breadth also remained positive.
Opening Numbers at a Glance
While the 30-share BSE Sensex jumped 160.5 points or 0.20 per cent to start the session at 77,083.14, the Nifty gained 56.35 points to open at 24,062.20. In the last trading session, the Sensex closed at 76,922.64 and the Nifty 50 at 24,005.85.
Similarly, the broader indices traded in the green in the opening session. While the BSE Midcap Select Index was up by 77.26 points, the BSE Smallcap Select Index added 12.47 points or 0.14 per cent, to trade at 8,708.74.
Top Gainers and Losers from the Sensex Pack
From the Sensex pack, Infosys, HCL Tech, TCS, Tech Mahindra, and Eternal were among the top gainers, with Infosys leading the pack by gaining 3.33 per cent in the early trade. On the other hand, Bajaj Finance, Power Grid, NTPC, Trent and Bharti Airtel were in the red, with Bajaj Finance the top loser, slipping 0.96 per cent.
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Top Gainers:
- Infosys - +3.33%
- HCL Tech
- TCS
- Tech Mahindra
- Eternal
Top Losers:
- Bajaj Finance — -0.96%
- Power Grid
- NTPC
- Trent
- Bharti Airtel
Market Breadth
In early trade, market breadth was positive, with 1,981 stocks advancing against 771 stocks declining on the NSE. 82 stocks remained unchanged.
Expert View: Technical Outlook
Aakash Shah, Technical Research Analyst at Choice Broking, said: "Overall, the technical setup remains positive with a bullish undertone. The broader trend continues to favour the upside as long as the Nifty sustains above the 24,000 mark. While momentum indicators suggest ongoing consolidation, a decisive move above the 24,200–24,300 resistance zone could act as the catalyst for the next leg of the rally. The immediate trading range for Nifty is expected between 23,850 and 24,300, with a breakout beyond this range likely to determine the market's next directional move."
In short, according to Shah:
- Bullish undertone remains intact as long as Nifty holds above 24,000
- Key resistance zone: 24,200–24,300
- Immediate trading range: 23,850–24,300
- A breakout above or below this range will set the market's next directional move
Gift Nifty Signal
Gift Nifty, an early indicator for the Nifty 50, indicated a positive start today as it opened with a gain of 83 points at 24,127, compared to the previous close of 24,044.
Also Read | Indian Stock Market Today: Nifty, Sensex Trade Higher as IT Leads; KOEL Jumps 20%
FII vs DII Activity
Foreign Institutional Investors (FIIs) remained sellers, offloading equities worth Rs 1,140.50 crore on June 30, 2026. However, Domestic Institutional Investors (DIIs) remained steady buyers, helping absorb a substantial portion of the foreign selling pressure with purchases of Rs 3,159.24 crore.
DII buying comfortably outpaced FII selling, providing a cushion to the market and supporting the positive opening.
Asian Markets: Mostly in the Red
Asian shares traded mostly lower, tracking losses on Wall Street in the previous session, as the S&P 500 slipped 0.2 per cent, marking its eighth loss in 11 days.
Here is how major Asian indices performed:
Japan and South Korea led the regional decline. Hong Kong's Hang Seng and Shanghai's SSE Composite bucked the trend, trading in the green.
US Market Context
The weakness in Asian markets tracked overnight losses on Wall Street. The S&P 500 slipped 0.2 per cent, marking its eighth loss in 11 days. That persistent slide in US equities set a cautious tone across markets globally, making India's positive opening all the more notable driven primarily by strength in the IT sector.
Disclaimer: This article is for informational purposes only and should not be construed as investment, financial, or other advice.