Mumbai, Sep 3: Indian equity markets opened higher on Thursday, supported by positive global cues, gains across Asian markets and a decline in US bond yields that helped improve investor sentiment.
The Sensex opened 154.60 points, or 0.20 per cent, higher at 76,724.95, while the Nifty gained 83.50 points, or 0.35 per cent, to open at 23,997.95, moving closer to the key 24,000 level.
Banking and real estate stocks led the early gains. The Nifty PSU Bank and Nifty Realty indices advanced up to 1 per cent, while the Nifty Private Bank index rose 0.83 per cent. The Nifty MidSmall Financial Services index also gained 0.82 per cent.
However, the broader market remained mixed as technology and consumer-focused stocks faced selling pressure. The Nifty IT index declined 0.80 per cent, while the Nifty FMCG index slipped 0.44 per cent. Healthcare and pharmaceutical stocks also traded marginally lower.
Market sentiment was supported by stronger Asian equities, which followed gains on Wall Street, along with easing US Treasury yields. A softer tone in crude oil prices also provided some relief to Indian investors after US President Donald Trump indicated that a prolonged conflict with Iran may be avoided.
Foreign exchange flows also remained a supportive factor. The mobilisation of funds through the concessional swap facility, including significant inflows under the FCNR(B) scheme, is expected to provide support to the rupee and improve investor confidence.
Institutional activity remained firm despite the previous session’s market decline. On Wednesday, the Nifty fell 141 points even as institutional investors made purchases worth around Rs 9,500 crore. Foreign institutional investors accounted for about Rs 6,688 crore of the buying, while domestic institutions invested nearly Rs 2,812 crore.
From a technical perspective, market participants are watching the 24,150–24,215 zone as an important resistance area. A sustained move above this range could strengthen the recovery, while 23,860 is likely to remain a key support level.
Overall, investors are balancing positive global signals and improving liquidity conditions against pressure on technology and consumer stocks, with global bond yields, crude oil prices and institutional flows likely to influence market direction through the session.
