Indian stock markets began Thursday’s session on a firm footing, supported by gains in global technology shares. In early trade, the Sensex advanced 161 points, or 0.19%, to about 85,347, while the Nifty moved up 58 points, or 0.22%, to 26,110.
Analysts said the Nifty faces immediate resistance at 26,150, followed by 26,200. The 25,900–25,950 zone is expected to act as a strong support region and a preferred accumulation area for positional investors.
Large-cap counters saw steady buying interest. Axis Bank, Adani Ports, M&M, Bajaj Finance, Hindustan Unilever, Adani Enterprises, and Power Grid gained up to 1.5% in early trade.
Across sectors, Nifty Metal and Nifty Auto gained 0.3% each, while Nifty FMCG added 0.2%. The Nifty IT and Nifty Bank indices were slightly weaker.
Market sentiment improved after AI major Nvidia posted robust quarterly results, beating Wall Street expectations on both revenue and profit. The update fuelled gains across Asia, where major indices rose up to 4%. U.S. markets also closed higher, advancing between 0.% and 0.6%.
The upbeat trend is expected to continue, supported by multiple positive triggers. Market watchers noted that the earlier scenario of “strong macros but weak micros” is shifting to “strong macros and improving micros”.
They said this improvement is reinforced by a shift in perception among leading global banks, which now view India as fairly valued and attractive given its resilient economy and strengthening corporate earnings.
Flows also turned supportive. Foreign institutional investors recorded net purchases of Rs 1,580 crore on November 19, while domestic institutional investors added Rs 1,360 crore.
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