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

The domestic stock market witnessed a volatile yet positive trend during early trading on Thursday. Trading began on a mixed note, and soon after the opening bell, buying support pushed both the Sensex and the Nifty into positive territory. However, selling pressure emerged within minutes, dragging both benchmark indices lower. After nearly half an hour of trading, fresh buying once again strengthened market sentiment, leading to a recovery in both indices.

After the first hour of trading, the Sensex was trading 0.28 percent higher, while the Nifty gained 0.15 percent.

Among the heavyweight stocks, shares of Infosys, Wipro, HCL Technologies, TCS, and Trent Limited were trading with gains ranging from 3.97 percent to 1.77 percent during the first hour of trading. On the other hand, ONGC, Bharat Electronics, Bharti Airtel, Max Healthcare, and SBI Life Insurance were trading lower by 1.51 percent to 1.07 percent.

So far, active trading was seen in 2,817 stocks across the market. Out of these, 1,478 shares were trading in the green with gains, while 1,339 stocks remained in the red with losses.

Similarly, among the 30 stocks listed on the BSE Sensex, 17 were trading in positive territory due to buying support, while 13 stocks were under selling pressure. In the NSE Nifty index, 24 out of 50 stocks were trading higher, whereas 26 stocks were trading in the red.

The BSE Sensex opened at 75,988.51 points, registering a gain of 120.71 points. Immediately after trading began, strong buying momentum pushed the index to an intraday high of 76,220.02 points. However, renewed selling pressure dragged the index into negative territory, touching a low of 75,817.50 points. Buyers later returned to the market, helping the index recover. Amid continuous buying and selling activity, the Sensex was trading at 76,082.76 points at 10:15 a.m., up by 214.96 points.

In contrast, the NSE Nifty began trading with a marginal decline of five points at 23,902.15. Supported by early buying activity, the index quickly surged over 100 points from its opening level to touch 24,002.80 points. However, intensified selling pressure during the first half hour pulled the index down by more than 130 points from its peak, taking it into negative territory at 23,871.10 points. Subsequently, fresh buying helped the index recover. Amid continued market volatility, the Nifty was trading at 23,943.90 points at 10:15 a.m., up by 36.75 points.

In the previous trading session on Wednesday, the Sensex had closed 141.90 points, or 0.19 percent, lower at 75,867.80 points. Likewise, the Nifty ended the session with a decline of 6.55 points, or 0.03 percent, closing at 23,907.15 points.

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Hindusthan Samachar / Jun Sarkar