MUMBAI — The Indian equity indices opened almost flat on Thursday as
geopolitical tensions remained high after ‘Operation Sindoor’.
At 9.26 am, Sensex was up 25 points at 80,772 and Nifty
was down 3 points at 24,410.
Buying was seen in the largecap and midcap stocks. Nifty
midcap 100 index was up 166 points or 0.30 per cent at 54,445 and Nifty
smallcap 100 index was up 132 points or 0.81 per cent at 16,550.
Among the sectoral index, auto, IT, PSU bank, fin
service, media, energy and private bank were trading with gains. Pharma, FMCG,
metal, realty and infra were trading in the red.
As Asian equities are trading in the green mirroring
overnight gains in the US markets, domestic equity indices too could see a
steady positive start in the backdrop of the ongoing India-Pakistan tensions,
said analysts.
“However, the street will react to Jerome Powell's
statement on higher tariffs post Fed's decisions to keep interest rates unchanged,"
said Prashanth Tapse, Senior VP (Research), Mehta Equities.
In the Sensex pack, Tata Motors, Kotak Mahindra Bank,
Power Grid, Axis Bank, Adani Ports, Bajaj Finance, HCL Tech, Bajaj Finserv,
Bajaj Finance, IndusInd Bank, SBI and Tech Mahindra were top gainers.
Eternal, ITC, Maruti Suzuki, HDFC Bank, Tata Steel, Sun
Pharma and ICICI Bank were top losers.
"The street will now hope for some fruitful trade
discussions between the US and China when they meet this weekend. Technically,
Nifty’s biggest support is seen only at 24,171 mark," Tapse added.
Most Asian stocks rose marginally. Tokyo, Shanghai, Hong
Kong and Seoul were trading in the green, while Bangkok and Jakarta were in the
red.
The US markets closed with gains in the last session amid
increased hopes for a de-escalation in US President Donald Trump’s tariff
agenda.
