New Delhi, 28 April (H.S.):
Indian equity markets showed a strong recovery in the early session on Tuesday after opening on a weak note, as buying interest quickly pushed the BSE Sensex and NSE Nifty into positive territory within the first few minutes of trade. By 10:00 a.m., both major indices were trading higher, supported by firm buying in select large‑cap and mid‑cap counters amid volatile intraday swings.
Sensex and Nifty bounce back from opening fall
The Sensex opened at 77,094.79, down 208.84 points, and briefly slipped further before a wave of buying lifted the index by 120.65 points to 77,424.28 by 10:00 a.m., reflecting a gain of about 0.16 percent. After fluctuating between the red and green zones in the first half‑hour, the index stabilized in positive territory as institutional and retail investors stepped in.
Similarly, the Nifty opened at 24,049.90, down 42.80 points, but quickly recovered to close the first 10‑minute window in the green. Despite a brief dip back into negative territory, renewed buying carried the index to 24,163.40 by 10:00 a.m., marking a gain of 70.70 points, or roughly 0.29 percent.
Bulk of large‑caps and stocks in the green
Among key Sensex components, 16 out of 30 scrips were trading in the green by mid‑morning, while 14 remained in the red. On Nifty, 31 of the 50 constituents were in positive terrain against 19 in the red, signalling broad‑based optimism despite sector‑wise divergence.
Notable gainers included heavyweight stocks such as Sun Pharmaceutical, Reliance Industries, Wipro, and Tech Mahindra, which were trading between 2.77 percent and 6.98 percent higher. On the flip side, shares of Shriram Finance, Axis Bank, Bharat Electronics, Tata Consumer Products, and ICICI Bank were down between 0.91 percent and 3.62 percent as investors booked profits in some financials and select mid‑caps.
Overall market breadth tilted in favour of buyers
Across the broader market, active trading was observed in 2,624 scrips by 10:00 a.m., with 1,637 stocks trading higher and 987 in the red, indicating that bulls were marginally dominant even as pockets of profit‑taking and sector‑rotation continued.
The recovery in the early session builds on the gains registered on Monday, when the Sensex closed up 639.42 points, or 0.83 percent, at 77,303.63, while the Nifty gained 197.75 points, or 0.81 percent, to settle at 24,092.70. Analysts said the renewed buying reflects optimism around earnings season, stable macro indicators, and expectations of continued foreign inflows into Indian equities.
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Hindusthan Samachar / Jun Sarkar
