Stock Market Today: Nifty and Sensex opened higher on Thursday as global positive cues and favourable developments related to GST reforms maintained positive sentiment across the market.
Nifty 50 opened 91 points higher at 25,412, whereas BSE Sensex was up 362 points at 82,220 points.
The Indian stock market today has come after Gift Nifty indicated a muted start of the Nifty and Sensex on Thursday. Health insurance and gaming sector stocks continued to remain the top gainers on the Nifty and Sensex.
Stock Market Opening Today
Nifty and Sensex opened higher on Thursday. Nearly all the broadmarket indices were trading in green, including Nifty 100, Nifty 200, Nifty 500, etc. Nifty Microcap 250 was up around 0.33%.
Coming to thematic indices on Nifty 50, Nifty financial services was among the top gainers on Thursday. Additionally, Nifty Metal, Nifty PSU Bank, Nifty Private Bank, Nifty Realty, etc, were among the top thematic indices performing well today. Nifty FMCG, Nifty IT, Nifty Media, Nifty IT, Nifty Auto were trading in red on Thursday.
On the Bombay Stock Exchange (BSE), nearly 1,940 stocks were advancing, whereas 1,137 stocks were declining. Around 98 stocks were trading in upper circuit, and around 51 stocks were trading in lower circuit. Around 58 stocks were at 58 week high and around 51 stocks were trading in lower circuit.
Stock Market Today: What Should Be Investors Strategy For The Day?
The Nifty 50 index has formed a second consecutive bull candle and is expected to move in the positive direction, according to experts. If the Nifty 50 continues to stay above the 24631-2485 area.
“Nifty Index sustaining above Monday’s gap area ( 24631-24852) will keep the bias positive and will gradually open upside towards 25,250 levels in the coming sessions. Immediate support for Nifty is placed at 24,600-24,500 levels being the Monday’s gap up area and the 100 days EMA. While key support is placed around the 24,000-24,200 range, marked by the confluence of the 200-day EMA and an ascending trendline drawn from the February and March 2025 swing highs, making it a key demand zone for the near term,” noted Bajaj Broking in its report.
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