Synopsis : Indian stock markets opened slightly higher on Thursday, supported by strong Q2 earnings from Sun Pharma and Britannia. Positive cues from global markets and MSCI inclusion of select Indian firms further boosted investor sentiment despite sectoral weakness.
Indian Stock Market Opens Firm; Auto and FMCG Stocks Lead Gains
Indian benchmark indices started Thursday’s session on a positive note, with the Sensex rising 50 points and the Nifty 50 trading above 25,550. The modest uptick came as strong corporate earnings from Sun Pharmaceutical Industries and Britannia Industries bolstered investor optimism.
Adding to the cheer, reports suggested that four Indian companies are set to be included in the MSCI index, a move likely to attract more foreign institutional investments into Indian equities.
Sectoral Snapshot: Auto Drives Ahead, Metals and Energy Drag
While the broader market displayed mixed momentum, auto stocks led the rally, followed by FMCG and IT shares. However, media, metal, and energy sectors witnessed selling pressure amid profit booking.
The Nifty Auto index gained the most, supported by improved demand outlook and better-than-expected quarterly numbers across several automakers. On the other hand, Nifty Media and Metal were the top laggards, each down around 1%, reflecting cautious sentiment in cyclicals.
Global Market Boost Lifts Sentiment
Asian markets opened in the green, taking cues from overnight gains on Wall Street. Investors in the U.S. rotated back into technology and growth stocks after upbeat labour market data restored confidence.
As of midday Tokyo time:
Japan’s Nikkei 225 rose 1%
South Korea’s Kospi gained 1%
Hong Kong’s Hang Seng jumped 1.5%
Shanghai Composite climbed 1%
S&P 500 futures were steady after the Nasdaq 100 rose 0.7% overnight
The global uptick helped support risk appetite across Asian markets, even as local investors booked profits in select sectors.
Groww IPO GMP Update
Meanwhile, the Groww IPO grey market premium (GMP) continued to surge, up by 13% in the latest session, signaling strong investor interest ahead of listing.
Market Outlook
Analysts remain cautiously optimistic, noting that profit booking may continue in the near term, but strong corporate earnings and global tailwinds could help sustain market resilience. The focus now shifts to upcoming Q2 results and global macroeconomic data releases for further direction.
Disclaimer : This article is for informational purposes only and does not constitute financial or investment advice. Readers are advised to consult a certified financial advisor before making any investment decisions.
