Sensex, Nifty Open Higher Amid Global Rally; Markets Show Resilience Despite Geopolitical Tensions
GG News Bureau
Mumbai, 25th June: Indian benchmark indices Sensex and Nifty opened higher on Wednesday, buoyed by positive global cues and easing oil prices. A day after a volatile session, the BSE Sensex surged 393.69 points to open at 82,448.80, while the NSE Nifty 50 gained 106 points to start at 25,150.35. In the previous session, the Sensex had closed at 82,055.11 and Nifty at 25,044.35.
The broader market also reflected early optimism. The BSE Midcap index rose by 193.66 points (0.42%) and the BSE Smallcap index advanced by 266.42 points (0.50%).
Oil prices continued to ease on hopes that tensions in the Middle East would not disrupt the global crude supply, adding to the positive market sentiment.
Geojit Financial Services’ Chief Investment Strategist Dr VK Vijayakumar noted the market’s remarkable resilience in the face of recent geopolitical developments. “The market has withstood events like the West Asian crisis and the India-Pakistan conflict. FII buying during these periods has contributed to this resilience. Interestingly, FIIs tend to sell once tensions ease, while DIIs have maintained strong buying due to sustained mutual fund inflows,” he said.
In early trade, 1,045 Nifty stocks were in the green, 158 in the red, and 63 remained unchanged. Among the stocks in focus, OLA Electric rebounded in morning trade after slipping nearly 6% in the previous session.
Global markets also showed strength. The S&P 500 gained 1.1%, Dow Jones rose 507 points (1.2%), and the Nasdaq Composite jumped 1.4% overnight, bolstered by falling oil prices.
In Asia, Japan’s Nikkei 225 added 71.58 points to trade at 38,862.14, Hong Kong’s Hang Seng rose 0.77%, and China’s Shanghai Composite edged up 0.28%. However, South Korea’s Kospi slipped slightly by 5.79 points.
Back home, all major Nifty sectoral indices were trading in the green. Nifty IT led with a 0.56% gain, followed by Nifty FMCG (0.40%) and Nifty Auto (0.37%).
Analysts continue to advise caution amid valuation concerns but remain optimistic due to strong domestic institutional flows and improving global sentiment.
