New Delhi, 15 May (H.S.):

Domestic equity markets showed an upward bias during early trading today. The session opened with modest strength, but immediate selling pressure pushed both the Sensex and Nifty briefly into the red. Buyers quickly returned, however, and their demand supported a recovery that sent both indices back into positive territory. By 10:00 a.m., the Sensex was up 0.46 percent and the Nifty had advanced 0.52 percent.

Among the heavyweight stocks, TMPV, Infosys, Tech Mahindra, Coal India and TCS were trading stronger, gaining between 5.28 percent and 2.01 percent by 10:00 a.m. On the other hand, Hindalco Industries, Reliance Industries, Aterna, State Bank of India and Adani Enterprises were trading lower, down between 1.89 percent and 1.03 percent.

So far, trading activity remained brisk across 2,618 stocks, of which 1,479 were in the green and 1,139 in the red. Within the 30 constituents of the Sensex, 21 stocks were supported by buying and remained in positive territory, while nine were under selling pressure and traded lower. On the Nifty, 36 of the 50 stocks were trading higher and 14 were in the red.

BSE’s Sensex opened with a modest gain of 98.38 points at 75,497.10. Selling at the open dragged the index down to 75,251.15, but buyers soon stepped in and pushed the benchmark upward. Despite intermittent profit-taking, the index maintained its upward momentum and, by 10:00 a.m., was trading 345.45 points higher at 75,744.17.

Similarly, NSE’s Nifty opened with a jump of 41.80 points at 23,731.40. Early selling caused it to slip to 23,663.35, but buyers regained control and lifting demand drove a prompt recovery. While the index faced occasional selling due to profit-booking, its upward trend held; by 10:00 a.m., the Nifty was trading 123.50 points higher at 23,813.10.

On the previous trading day, Thursday, the Sensex had closed up 789.74 points, or 1.06 percent, at 75,398.72. The Nifty had ended Thursday’s session up 277 points, or 1.18 percent, at 23,689.60.

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Hindusthan Samachar / Jun Sarkar