The Indian stock market benchmark indices opened higher on Thursday, with the Sensex climbing from its previous close of 77,958.52 to open at 78,339.24, trading at 78,072.31, up 113.79 points or 0.15% as of 9:17 AM. The Nifty50, which closed at 24,330.95 on Wednesday, opened at 24,398.50 and was trading at 24,360.55, up 29.60 points or 0.12%. According to The Hindu BusinessLine, the mild gains came on the back of a strong overnight session on Wall Street, where optimism over a potential US-Iran ceasefire and a rally in artificial intelligence stocks pushed American indices to record highs. The S&P 500 rose 1.46% to 7,365, the Dow Jones gained 612 points or 1.24% to 49,910, and the Nasdaq climbed over 2%, with the Nasdaq 100 touching 28,599.
HDFC Life Insurance led the Nifty50 gainers, opening at ₹611 and trading at ₹613, up 1.10%, according to The Hindu BusinessLine. Trent rose 1.03% to ₹4,334 from a previous close of ₹4,289.80, while SBI Life Insurance gained 1.03% to trade at ₹1,878.20 against a previous close of ₹1,859. Max Healthcare was up 0.93% at ₹1,025.30, and Bajaj Auto added 0.92% to trade at ₹10,413.50 against a previous close of ₹10,319. On the losing side, Power Grid slipped 0.60% to ₹314.05, while Hindalco fell 0.52% to ₹1,040.40 and Titan dropped 0.51% to ₹4,337.30. The banking space opened on a mixed note, with HDFC Bank edging lower by 0.40% to ₹793.40 and Kotak Mahindra Bank down 0.44% at ₹374.95.
On Wednesday, the Indian stock market ended with the Nifty 50 closing at 24,330.95 and the Sensex dropping 251.61 points, or 0.33%, to close at 77,017.79. The market decline came after the indices had shown recovery from recent lows, with the Nifty 50 having found support near the 23,950 levels. According to Centrum Finverse, the markets opened on a gap-down note but staged a sharp recovery amid heightened volatility, with the Nifty index taking support near its 21-DMA around 23,950 levels and managing to close above the 24,000 mark. Foreign Institutional Investors remained net sellers on Wednesday, offloading equities worth ₹5,834 crore, while Domestic Institutional Investors stepped in as buyers, purchasing equities worth ₹6,836 crore, helping cushion the market. As per The Hindu BusinessLine, Bank Nifty, Realty, and Financial Services indices rallied over 2%, with the Bank Nifty forming a strong bullish candlestick pattern with support seen in the 55,000–55,300 zone and resistance at 56,500–56,700.
Global equities continued their rally overnight and in Asian trade, with Japan's Nikkei 225 surging 4% to a fresh high after reopening from a holiday. The AI rally in the US — led by Nvidia surging 5.68% and Advanced Micro Devices jumping over 18% on strong earnings — lifted sentiment in Asian markets, with Washington and Beijing reportedly considering formal discussions on AI which may feature at an expected Trump-Xi summit. As per The Hindu BusinessLine, Dr. VK Vijayakumar noted that the US market is at record highs and the AI trade is continuing unabated, adding that "A reversal of FPI outflows from India will happen only when the AI trade weakens or AI valuations become excessive." The Indian rupee posted its largest single-day gain since April 2, appreciating 67 paise on Wednesday, supported by the fall in crude and a weakening dollar. Crude oil prices softened amid reports of progress in US-Iran diplomatic talks, with Brent trading near $97 per barrel, down from levels above $110 seen earlier.
According to The Hindu BusinessLine, Rajesh Palviya noted that "bulls now need a daily close above 24,500 to continue the bounce toward 24,700; failure to hold 24,250 could quickly bring 24,000 into focus." The Nifty resistance is at 24,550–24,600 and support at 24,000–24,200, as markets navigate geopolitical uncertainty and a busy domestic results calendar. Ponmudi R from Enrich Money noted that "Crude has retreated meaningfully from recent highs above $110 and is now consolidating in the $95–97 range, offering relief on inflationary pressures." The market is rewarding good results and punishing poor results in the ongoing Q4 results season, with positive results across market caps. Vijayakumar emphasized that "the market is rewarding good results and punishing poor results" in the ongoing earnings season.
