Sensex Climbs 200 Points, Nifty Reclaims 23,400
What Happened
Indian equities opened in the green, supported by positive global cues and gains across select financial, metal and infrastructure stocks. Positive cues from global markets, particularly a strong tech-led rally in the US and crude oil prices easing below the $100/barrel mark, supporting sentiment. Sensex opened up 119 points at 74,648.32 Nifty 50 opened up 23 points at 23,352.15
Key Takeaways
Indian markets have opened positive and are holding gains, with financials, metals and infrastructure stocks leading the rally. However, weakness in IT counters and continued FII selling are preventing a stronger move higher.