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The Sensex surged by over 700 points on Thursday, while the Nifty reclaimed the 26,000 mark, as strong buying in information technology stocks lifted market sentiment amid mixed global cues.
The benchmark BSE Sensex opened 727.81 points higher at 85,154.15, while the NSE Nifty rose 188.6 points to open at 26,057.20, extending gains from the previous session.
Market experts said the “upside objective is set at 26,186, with 26,800 appearing as an optimistic target,” adding that “the downside marker is placed at 25,780, but an outright reversal is not expected today.”
Among the top gainers on the BSE were Infosys, HCLTech, and Tech Mahindra, which saw strong buying interest. In contrast, Bajaj Finserv, Maruti, and Power Grid were among the notable laggards.
Similar trends were observed on the NSE, where Infosys, HCLTech, and Tech Mahindra led the rally, while IndiGo, Eicher Motors, and Sun Pharma Life witnessed selling pressure.
Broader market indices also opened on a positive note. The Nifty SmallCap 100 rose 0.33 per cent, while the Nifty MidCap 100 advanced 0.44 per cent.
Among sectoral indices, the Nifty IT index was the top performer, gaining 1.84 per cent, while the Nifty Realty index slipped marginally by 0.08 per cent, emerging as the only sector in the red.
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Analysts attributed the positive start to renewed investor optimism and strong demand for technology shares. “Reports of an imminent trade deal between India and the US are doing the rounds in market circles, and the market reaction through Nifty implied open confirms this,” experts said.
“Comments from President Trump and responses from Prime Minister Modi indicate an early trade deal. The expected agreement involves some concessions from both sides,” they added.
Meanwhile, Foreign Institutional Investors (FIIs) extended their buying streak for the fifth consecutive session on October 21, purchasing equities worth Rs 96 crore, further supporting market momentum.
The upbeat tone in the market reflected confidence in India’s growth outlook, bolstered by hopes of stronger global trade ties and resilience in key sectors such as technology.
