Key Highlights:
The Indian stock market kicked off on a high note on April 11, with the Nifty 50 today opening at 22,742.80, registering a notable gain of 343.65 points or 1.53%, as of 9:15 AM IST. The bullish opening came after a market holiday on April 10 for Mahavir Jayanti, and is largely being attributed to strong overnight cues from global markets, particularly the U.S. Nasdaq rebound and Asian indices showing strength in early trade.
Global Market Sentiment Drives Momentum
The positive sentiment from global markets played a key role in today’s upward movement. Major Asian indices including the Nikkei 225, Kospi, and Taiwan’s TAIEX witnessed heavy gains on April 10. Nasdaq’s sharp fall later that day raised some caution, but the early bullish momentum appears to be holding.
Gift Nifty futures had already indicated a gap-up opening as it traded over 325 points higher in pre-market sessions. With today’s movement, the Nifty 50 index live shows robust buying in frontline stocks, with banking, IT, and auto sectors leading the rally.
Sectoral Performance and Key Gainers
- Banking & Financials: HDFC Bank, ICICI Bank, and Kotak Mahindra Bank surged early in the session.
- IT Stocks: TCS and Infosys also saw renewed interest amid global tech rebound.
- Auto & FMCG: Tata Motors and Hindustan Unilever contributed positively to the index performance.
The Sensex and Nifty are moving in tandem today, with the BSE Sensex also up by over 980 points at 74,835.49 during early trade.
Analyst View
Market analysts remain cautiously optimistic. According to Ankit Sinha, Equity Strategist at Motilal Oswal:
“The sharp bounce in the Nifty is on expected lines, catching up with the global markets after yesterday’s Indian holiday. However, volatility may continue as investors remain watchful of U.S. inflation data and Fed commentary.”
What to Watch Ahead
- U.S. CPI inflation figures due later tonight
- Crude oil trends and geopolitical updates
- FII/DII participation levels through the session
- Resistance zone for Nifty seen around 22,800; support at 22,500
The Nifty 50 today has kicked off on a firm note, signaling a strong start to the April 11 trading session. While the rally is driven by global sentiment and sectoral optimism, traders are advised to stay alert for potential intra-day volatility.
The Hindustan Herald Is Your Source For The Latest In Business, Entertainment, Lifestyle, Breaking News, And Other News. Please Follow Us On Facebook, Instagram, Twitter, And LinkedIn To Receive Instantaneous Updates. Also Don’t Forget To Subscribe Our Telegram Channel @hindustanherald
