New Delhi, 29 April (H.S.):

Domestic stock markets displayed strength during early trading today, opening on a positive note. After a brief tug-of-war between buyers and sellers following the opening bell, which caused minor fluctuations in both Sensex and Nifty indices, buyers gained the upper hand within the first 20 minutes. By 10 a.m., both benchmarks were trading with a solid 0.76% gain.

Among Sensex heavyweights, shares of Maruti Suzuki, ITC, Eicher Motors, Max Healthcare, and Tech Mahindra advanced between 1.73% and 4.14%. Conversely, JSW Steel, Hindalco Industries, Tata Steel, Asian Paints, and ICICI Bank traded lower, down 0.75% to 1.89%.

Trading activity encompassed 2,617 stocks, with 1,942 advancing in green and 675 declining in red. Of the 30 Sensex constituents, 20 remained in positive territory supported by buying, while 10 faced selling pressure. In the Nifty 50, 35 stocks traded higher against 15 laggards.

The BSE Sensex opened at 77,245.83, up 358.92 points, experiencing initial volatility and dipping to 77,136.20 amid selling pressure before buyers intervened. By 10 a.m., it surged 583.26 points to 77,470.17. Similarly, the NSE Nifty commenced at 24,096.90, up 101.20 points, briefly falling to 24,059.95 before rebounding to 24,177.25, a gain of 181.55 points by 10 a.m.

The previous session on Tuesday saw Sensex close lower by 416.72 points or 0.54% at 76,886.91, while Nifty ended down 97 points or 0.40% at 23,995.70.

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Hindusthan Samachar / Jun Sarkar