New Delhi, September 29 (HS): Indian stock markets opened on a firm note on Monday, with both Sensex and Nifty staging a rebound after initial volatility. The session began positively, though early selling pressure briefly dragged indices lower. However, strong buying support soon returned, pushing both benchmarks higher within the first hour of trade.By 10:15 a.m., the Sensex was up 0.41 percent and the Nifty was trading 0.42 percent higher.

Market Performance

In the opening hour, heavyweight stocks including Cipla, Titan Company, Bajaj Finance, Tata Steel and Hindalco Industries gained between 0.90 percent and 1.55 percent.

On the other hand, Axis Bank, Tata Consumer Products, Maruti Suzuki, Larsen & Toubro and Hero MotoCorp witnessed declines ranging from 0.16 percent to 1.78 percent.Overall market breadth remained positive. Out of 2,161 actively traded stocks, 1,459 were advancing while 702 were in the red.

Among the Sensex’s 30 constituents, 25 were trading higher and 5 were in negative territory. On the Nifty, 41 of the 50 components were in green while 9 were trading with losses.

Index Movement

The BSE Sensex opened 162.31 points higher at 80,588.77. Early selling pressure pulled it down nearly 140 points to 80,448.60, before strong buying reversed the trend. Despite some intermittent volatility, the rally extended, with the Sensex gaining 332.04 points to trade at 80,758.50 by 10:15 a.m.

Similarly, the NSE Nifty began with a jump of 73.85 points at 24,728.55. After dipping to 24,668.15 due to initial selling, the index gained momentum on renewed buying interest and was trading 104.10 points higher at 24,758.80 at 10:15 a.m.

Previous Close

On Friday, the last trading day of the previous week, the Sensex had slipped by 733.22 points, or 0.90 percent, to close at 80,426.46. The Nifty had also ended 236.15 points lower, down 0.95 percent, at 24,654.70.

Hindusthan Samachar / Jun Sarkar