Bullish Start: Sensex Rises 250 Points, Nifty Tops 25,800; Eternal Gains 3%

Sensex Opens Higher on IT Rally, Nifty Above 25,800; Eternal Leads Gains.

Benchmark indices opened higher on Tuesday, supported by strong Q3 results from major IT firms, which boosted investor sentiment. However, gains soon reversed as markets reacted to global developments.

As of 10:12 am, the S&P BSE Sensex was down 90.05 points at 83,788.12, while the NSE Nifty50 fell 37.50 points to 25,752.75.

Eternal emerged as the top gainer, rising 2.98%, followed by State Bank of India (+0.79%), Tech Mahindra (+0.76%), HDFC Bank (+0.74%), and ICICI Bank (+0.63%), which supported early market momentum.

On the flip side, Larsen & Toubro led the losses, slipping 2.28%, while HCL Technologies (-2.13%), Bharti Airtel (-1.33%), Trent (-1.17%), and Reliance Industries (-1.12%) dragged the indices lower.

Global Factors Weigh on Markets

Dr. VK Vijayakumar, Chief Investment Strategist at Geojit Investments, said geopolitical developments and US policy decisions continue to influence markets:

“Trump’s weaponisation of tariffs has already impacted global trade. His latest declaration of 25% tariffs on countries trading with Iran shows that this policy will persist. The unprecedented and unpredictable behaviour of the US president will continue to weigh on markets.”

Vijayakumar added that the US-India trade dialogue is providing some relief:

“The Indian market bounced sharply after US Ambassador Sergio Gor stated that trade talks with India would resume as early as January 13. Near-term Q3 results will drive stock-specific action.”