Positive impactStocks
Indian Markets Open Higher; Sensex Rises 0.47%, Nifty Gains 0.43%
GujaratSamachar English 1d ago·17 Jul 2026, 4:58 am
Originally published by GujaratSamachar English. Read on GujaratSamachar English →
Domestic equity markets traded higher in early trade on Friday, with benchmark indices gaining nearly half a percentage point each despite weak global cues, led by buying in IT and auto stocks.
The Sensex climbed 363 points, or 0.47%, to 77,550, while the Nifty advanced 100 points, or 0.43%, to 24,176 in early trade.
IT stocks emerged as the top gainers, with the Nifty IT index surging nearly 2%. The Nifty Auto index rose 0.83%, while the Nifty Private Bank index gained 0.42%.
The Nifty Oil & Gas and Nifty PSU Bank indices also traded marginally higher.
Pharma and healthcare stocks came under pressure, with the Nifty Pharma index declining more than 1% and the Nifty Healthcare index slipping around 1%.
Among the major losers on the Nifty were Wipro, Hindalco Industries, Cipla, Eternal, Nestle India, Max Healthcare, Sun Pharma, ITC, Dr Reddy's Laboratories and Tata Consumer Products.
Analysts said the market is expected to remain range-bound as a weakening rupee, persistent foreign institutional investor (FII) selling and weak global cues continue to weigh on sentiment.
However, resilient technical indicators, steady domestic institutional buying and strong support in the 24,000-24,100 range are expected to limit losses.
Investors will closely track June-quarter earnings of major private banks for fresh cues while maintaining a stock-specific, buy-on-dips strategy.
Brent crude, the international benchmark, rose 1.48% to $85.48 a barrel, while US West Texas Intermediate (WTI) crude climbed 1.60% to $80 a barrel.
Asian markets traded lower, with Japan's Nikkei falling more than 4%, Hong Kong's Hang Seng declining around 2% and China's Shanghai Composite shedding over 1%.
US markets ended lower overnight, with the S&P 500 slipping 0.51% and the Nasdaq declining 1.47%.
Key takeaways
- Category: Stocks.
- AI reads the tone as positive (potentially bullish) for the stock.
- Assessed as a significant, market-relevant update.
Why it matters
A meaningful update worth tracking. The tone is positive — historically associated with upward pressure, though not predictive. Use the price and stock snapshot to gauge how the market is responding.
