Mumbai, August 14 (Economy India) – Indian equity benchmarks opened higher on Thursday, lifted by buying interest in heavyweight stocks such as HDFC Bank and Tata Consultancy Services (TCS), alongside strong cues from US markets.
The rally extended from the previous session, with the BSE Sensex climbing 154.07 points to 80,693.98 in early trade, while the NSE Nifty 50 advanced 45 points to 24,664.35.
Market Movers
Among the top gainers from the Sensex pack were:
- Infosys
- Sun Pharma
- Asian Paints
- HDFC Bank
- Maruti Suzuki
- Tata Consultancy Services (TCS)
Market watchers said renewed interest in blue-chip counters helped maintain upward momentum, with technology and banking shares leading the rally.
Global Sentiment Lifts Indian Equities
Analysts noted that optimism in US markets, driven by robust corporate earnings and hopes that the US Federal Reserve will maintain interest rates, contributed to the positive sentiment in Asia.
“Global market resilience is encouraging foreign inflows into Indian equities. Large-cap IT and banking names are benefiting the most,” said a Mumbai-based equity strategist.
Outlook
With corporate earnings season in full swing and global cues remaining supportive, traders expect volatility to stay low in the near term. However, analysts advise caution ahead of key macroeconomic data releases and global central bank statements.
Economy India – Quick Facts
- Sensex (BSE): 80,693.98 (+154.07 points)
- Nifty 50 (NSE): 24,664.35 (+45 points)
- Top Gainers: Infosys, Sun Pharma, Asian Paints, HDFC Bank, Maruti Suzuki, TCS
- Market Mood: Positive, aided by global cues
