Positive Start for Markets: Sensex Gains 119 Points, Nifty Breaches 25,100

Markets Open Higher; Nifty Reclaims 25,100, Sensex Up Over 170 Points

Auto, energy stocks lead early gains; Tata Motors, BEL among top performers Benchmark equity indices opened on a strong note on Tuesday, snapping their recent losing streak as gains in auto and energy shares lifted investor sentiment.

At 9:29 am, the BSE Sensex rose 176.33 points to 82,429.79, while the NSE Nifty50 gained 63.50 points to trade at 25,145.80, reclaiming the key 25,100 level.

Sectoral and stock performance
The rally was broad-based, with several sectoral indices trading in the green. Nifty Media led the gains, climbing 0.97%, followed by Nifty Oil & Gas (0.73%), Nifty Auto (0.72%), and Nifty Consumer Durables (0.55%).

In the broader market, Nifty Midcap100 was up 0.51% and Nifty Smallcap100 added 0.76%, indicating sustained momentum outside of large-cap stocks. Meanwhile, India VIX, the volatility gauge, declined 0.77%, suggesting lower near-term market uncertainty.

Top gainers and losers
Bharat Electronics Ltd (BEL) gained 0.87%, emerging as one of the early leaders, followed by Bharti Airtel (0.70%), Kotak Mahindra Bank (0.59%), Sun Pharma (0.56%), and Tata Motors (0.44%).

On the flip side, HCLTech fell sharply by 2.83%, while Eternal dropped 0.77%. Tata Steel (-0.47%), Axis Bank (-0.11%), and Power Grid Corp (-0.07%) also traded in the red.

Expert view
According to Dr. VK Vijayakumar, Chief Investment Strategist at Geojit Financial Services, the market remains rangebound, lacking a strong directional trigger. “FIIs, who were net buyers in April to June, have turned net sellers in July. This is exerting pressure on largecaps. However, the broader market remains resilient due to the absence of institutional selling despite elevated valuations,” he said.

He also noted increased short positions by FIIs in the derivatives market, adding that while this could result in a sharp rebound via short-covering, no immediate catalyst is in sight.

A notable macro signal is the sharp fall in June CPI inflation to 2.10%, significantly below the RBI’s FY26 projection of 3.7%. “This strengthens the case for a rate cut,” Vijayakumar added.