NEW DELHI, 9 June (H.S.): India’s domestic equity markets witnessed volatility and selling pressure during early trading on Tuesday, with benchmark indices Sensex and Nifty surrendering a significant portion of their initial gains despite opening firmly in positive territory.

The market began the session on a strong note, but selling emerged shortly after the opening bell, weakening the momentum of both benchmark indices. Although buyers attempted to support the market at regular intervals, persistent selling pressure steadily eroded the gains. Despite the pullback, both indices remained in the green throughout the first hour of trading. At the end of the opening hour, the Sensex was up 0.15 per cent, while the Nifty was trading 0.18 per cent higher.

Among the major market movers during the first hour, Jio Financial Services, Trent Limited, InterGlobe Aviation, ICICI Bank and Grasim Industries were trading with gains ranging from 1.21 per cent to 1.96 per cent. On the other hand, Titan Company, Infosys, Tech Mahindra, Coal India and HCL Technologies were among the top laggards, declining between 0.86 per cent and 1.63 per cent.

Market breadth remained strongly positive. Out of 2,759 stocks actively traded on the exchanges, 2,131 were advancing and trading in positive territory, while 628 stocks were in the red.

Within the 30-share BSE Sensex, 16 stocks were trading higher with buying support, whereas 14 stocks were under selling pressure. Similarly, among the 50 constituents of the NSE Nifty, 30 stocks were trading in the green while 20 were in negative territory.

The BSE Sensex opened 511.15 points higher at 74,035.41. However, selling pressure emerged immediately after the opening, causing the index to retreat from its early highs. Buyers made intermittent attempts to revive momentum, but sustained profit-booking and selling activity limited further gains. By 10:15 a.m., after the first hour of trade, the Sensex was up 108.58 points at 73,632.84.

The NSE Nifty followed a similar trajectory. The index opened 136.05 points higher at 23,259.05 but gradually lost momentum as sellers became active. Despite repeated buying attempts during the session, the benchmark failed to regain its initial strength. Nevertheless, it managed to remain in positive territory throughout the first hour. At 10:15 a.m., the Nifty was trading 42.10 points higher at 23,165.10.

In the previous trading session on Monday, the markets had closed sharply lower. The Sensex ended the day down 719.08 points, or 0.97 per cent, at 73,524.26, while the Nifty declined 243.70 points, or 1.04 per cent, to settle at 23,123.

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Hindusthan Samachar / Jun Sarkar