Stock Market LIVE: Sensex, Nifty Open Higher; IT & PSU Bank Stocks Lead Gains 🚀
Indian stock markets started the week on a positive note, driven by gains in IT, PSU banks, and financial services sectors, despite mixed global cues. Investors are watching closely to see if Nifty can sustain last week’s strong performance amid ongoing market uncertainties.
📊 Market at a Glance (9:30 AM)
✅ Sensex up 125.06 points (0.17%) at 74,457.64
✅ Nifty up 39.35 points (0.17%) at 22,591.85
✅ Nifty Bank slightly down 7.00 points (0.01%) at 48,490.50
✅ Nifty Midcap 100 up 114.55 points (0.23%) at 49,305.15
✅ Nifty Smallcap 100 up 35.65 points (0.23%) at 15,539.95
🔎 Market Sentiment & Key Levels to Watch
📉 FII selling pressure eased last week, offering some relief. However, analysts caution that the recent market rally may not sustain for long due to high uncertainty.
💡 Expert Take:
“Investors should focus on domestic consumption-driven sectors, which are less exposed to global trade uncertainties. Meanwhile, IT and pharma stocks may see volatility due to evolving U.S. trade policies,” says V.K. Vijayakumar, Chief Investment Strategist at Geojit Financial Services.
🔺 Key Resistance Levels: 22,600, 22,700, 22,800
🔻 Key Support Levels: 22,450, 22,350, 22,300
🏆 Top Gainers & Losers
📈 Gainers: Sun Pharma, Bajaj Finance, Axis Bank, Bajaj Finserv, Bharti Airtel, PowerGrid, Tata Steel
📉 Losers: IndusInd Bank, M&M, L&T, ITC, Titan, Maruti Suzuki
🌍 Global Market Trends
✅ Wall Street closed higher on Friday:
- Dow Jones ⬆️ 0.52% (42,801.72)
- S&P 500 ⬆️ 0.55% (5,770.20)
- Nasdaq ⬆️ 0.70% (18,196.22)
📊 Asian Markets Mixed:
✅ Gaining: Japan, Seoul
❌ Declining: Bangkok, China, Jakarta, Hong Kong
💰 Institutional Activity (March 7)
- FIIs sold equities worth ₹2,035.10 crore
- DIIs provided support, buying ₹2,320.36 crore
📢 Stay tuned for more market updates! 🚀📊
