New Delhi, October 7(HS): Indian stock markets opened on a firm note today, with the benchmark indices recovering swiftly after a brief dip in early trade. The session began in positive territory, but within minutes of opening, selling pressure pushed both the Sensex and the Nifty momentarily into the red. This weakness proved short-lived as renewed buying support propelled the indices higher. By 10:00 a.m., the Sensex was trading 0.44% higher and the Nifty was up 0.42%.

Among heavyweight stocks, Power Grid Corporation, Bajaj Finance, Coal India, ICICI Bank, and Jio Financial Services were leading the gains, rising between 1.37% and 0.96%. On the downside, Trent Ltd., Axis Bank, Max Healthcare Institute, Tata Consumer Products, and InterGlobe Aviation were trading lower with declines ranging from 2.07% to 1.06%.

By 10:00 a.m., active trading was seen in 2,456 stocks across the market, with 1,505 counters in the green and 951 in the red. In the Sensex basket of 30 shares, 23 were advancing while 7 were under selling pressure. The Nifty’s 50-stock index reflected similar trends, with 31 gaining and 19 losing.

On the BSE, the Sensex opened 93.83 points higher at 81,883.95. Early selling dragged the index down to 81,787.48, but strong buying interest quickly reversed the decline. By 10:00 a.m., the Sensex had gained 361.88 points to trade at 82,152.00.The NSE Nifty started the session with a modest gain of 7.65 points at 25,085.30. Initial losses took it down to 25,076.30, before an aggressive bout of buying lifted it sharply.

By 10:00 a.m., the Nifty was up 106.25 points at 25,183.90.In the previous trading session on Monday, the Sensex had closed 582.95 points, or 0.72%, higher at 81,790.12, while the Nifty ended 183.40 points, or 0.74%, up at 25,077.65.

Hindusthan Samachar / Jun Sarkar