Sensex Rises 150 Points, Trades at 83,900

Mumbai : Indian stock markets opened on a positive note today, with the Sensex climbing 150 points to trade at 83,900 in early trade. The Nifty also witnessed an upward movement, gaining 50 points to hover around 25,450. The rally was primarily led by strong buying interest in metal and public sector banking (PSU) stocks.

Investor sentiment improved amid global market stability and hopes of continued foreign investment inflows. Metal stocks, including Tata Steel, JSW Steel, and Hindalco, posted significant gains due to a rise in global commodity prices. PSU bank stocks like SBI, Bank of Baroda, and Canara Bank also witnessed notable buying interest.

Market experts suggest that the current momentum is supported by positive domestic cues and expectations of strong quarterly earnings from key sectors. “There’s a sense of optimism among investors, especially in core sectors like metal and banking, which are expected to benefit from economic recovery and infrastructure push,” said a senior market analyst.

The broader market also showed strength, with mid-cap and small-cap indices trading in the green. Sectorally, Nifty Metal and Nifty PSU Bank were the top gainers, rising over 1.5% each.

Analysts also point to easing inflation data and stable crude oil prices as contributing factors to the market’s upbeat mood. Additionally, investor focus remains on upcoming corporate results and global cues, including U.S. Federal Reserve’s stance on interest rates.

On the currency front, the Indian Rupee traded flat against the U.S. Dollar at around 83.12, showing stability despite global uncertainties.

While the markets remain positive today, experts caution that volatility may persist ahead of key economic announcements. Traders are advised to maintain a stock-specific approach and avoid overleveraging.

So far, the bullish momentum continues with optimism in the air. The market’s performance throughout the day will depend on global market trends, institutional flows, and further movement in banking and commodity-related stocks.