Delhi, 23 October (H.S.): The domestic stock market exhibited strong bullish momentum in early trading on Thursday, with benchmark indices opening with significant gains. For the first time since September 30, 2024, the BSE Sensex opened above the 85,000 mark, and the NSE Nifty crossed the 26,000 level.

Despite a brief period of selling pressure due to profit-booking immediately after the market opened, buyers quickly regained control, leading to a sharp rally. After the first hour of trading, the Sensex was trading up by 0.98 percent, and the Nifty had gained 0.87 percent.

Leading the rally among blue-chip stocks were Infosys, HCL Technologies, Tech Mahindra, Axis Bank, and Shriram Finance, with their shares trading higher by 1.89 percent to 3.91 percent. On the other hand, shares of Interglobe Aviation, Eicher Motors, Cipla, and Dr. Reddy’s Laboratories were facing downward pressure, declining by 0.68 percent to 1.03 percent.

Market breadth was positive, with 1,302 out of 2,230 actively traded stocks advancing, while 928 were declining. Within the main indices, 28 of the 30 Sensex constituents were trading in the green, while 42 of the 50 Nifty stocks were trading with gains.The BSE Sensex opened at 85,154.15, a jump of 727.81 points. It briefly dipped to a low of 84,867.97 before strong buying pushed it higher.

At 10:15 AM, the Sensex was trading at 85,251.62, up by 825.28 points. Similarly, the NSE Nifty started the day at 26,057.20, up 188.60 points. After hitting an early low of 25,991.70, it recovered sharply. At 10:15 AM, the Nifty was trading at 26,094.85, up 226.25 points.

This strong performance follows a modestly positive Diwali Muhurat trading session on Tuesday, where the Sensex closed at 84,426.34 and the Nifty ended at 25,868.60.

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Hindusthan Samachar / Jun Sarkar