Sensex, Nifty rise for 5th day; Tata Group shares gain focus

Benchmark Indian equity indices extended their winning streak for a fifth consecutive session on Wednesday, boosted by optimism around Q2 corporate earnings and continued institutional inflows.

The S&P BSE Sensex opened firm and was trading 159.69 points higher at 82,086.44 around 9:22 am, while the NSE Nifty50 rose 39.15 points to 25,147.45. Broader market indices mirrored the positive sentiment, with most sectors trading in the green.

Tata Group shares under spotlight

Shares of Tata Group companies were in focus amid reports of internal divisions within Tata Trusts over governance and board matters. Titan emerged as the top gainer on the Sensex, surging over 3.5%, while IT stocks such as Infosys, TCS, Tech Mahindra, and HCLTech also led early gains.

Market insights

Dr VK Vijayakumar, Chief Investment Strategist at Geojit Financial Services, noted that the rally is supported by institutional buying. “FIIs turning buyers is a positive development. However, it is too early to say if the trend will sustain. Global markets like the U.S., Japan, Hong Kong, South Korea, and Brazil are showing strong momentum, and the reduced valuation gap may make India more attractive to foreign investors,” he said.

Vijayakumar also highlighted the upcoming Q2 earnings season, starting October 9, which is expected to drive significant market activity. “Management commentary and guidance will be closely watched, especially for automobiles and consumer durables amid the festival season demand,” he added.

Anand James, Chief Market Strategist at Geojit, cautioned about volatility. “A hammer candlestick pattern formed yesterday, suggesting sideways moves or a slip towards 25,030–25,000, unless Nifty rises above 25,200. We do not expect an outright reversal yet,” he said.

Investors are keeping a close eye on both corporate results and sectoral performance, as optimism continues to drive India’s stock markets amid global economic fluctuations.