Sensex Today: Opens Higher, Nifty Above 24,500; Sun Pharma, Auto Stocks Gain

Sensex Today: Opens Higher, Nifty Above 24,500; Sun Pharma, Auto Stocks Gain

Indian stock markets opened on a positive note on Wednesday, boosted by strong gains in auto and pharma sectors as investors awaited the Reserve Bank of India’s Monetary Policy Committee (MPC) decisions.

As of 9:24 am, the S&P BSE Sensex rose 58.51 points to 80,326.13, while the NSE Nifty50 added 25.65 points to 24,636.75.

Market Highlights

  • Top Sensex Gainers:

    • Sun Pharma: +2.35%

    • Trent: +1.33%

    • Mahindra & Mahindra: +1.23%

    • Tech Mahindra: +1.14%

    • Reliance Industries: +0.83%

  • Top Sensex Losers:

    • Eternal: -1.06%

    • Bajaj Finance: -1.03%

    • Bajaj Finserv: -0.71%

    • Bharti Airtel: -0.46%

    • Asian Paints: -0.44%

Sectoral Performance

  • Nifty Media: +1.69%

  • Nifty Pharma: +1.13%

  • Nifty Realty: +1.04%

  • Nifty Healthcare: +0.98%

  • Nifty Auto: +0.72%

  • Nifty Oil & Gas: +0.59%

  • Nifty Consumer Durables: +0.48%

  • Nifty Metal: +0.30%

  • Nifty Private Bank: +0.28%

  • Nifty FMCG: +0.26%

  • Nifty Financial Services: +0.18%

  • Nifty IT: +0.11%

  • Nifty PSU Bank: Flat

Midcap and smallcap indices also saw gains, with Nifty Midcap100 up 0.52% and Nifty Smallcap100 up 0.28%, while India VIX fell 0.97%.

Expert Take

Dr. VK Vijayakumar, Chief Investment Strategist at Geojit Investments, highlighted that market focus remains on RBI’s monetary policy. He stated:

"Banking stocks are likely to draw attention. A pause by the MPC, which seems most probable, will impart resilience to banking stocks. While short-term volatility may persist due to FII selling, long-term investors should focus on systematic investment in high-quality largecaps."

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