Sensex, Nifty open marginally higher led by gains in bank and IT stocks

Benchmark stock market indices opened higher on Tuesday helped by a rise in heavyweight financial and IT stocks.
Hyundai Motor India’s much awaited listing had a disappointing start on Tuesday, debuting at a 1.5% discount to its issue price of Rs 1,960. The stock opened at Rs 1,931 on the BSE and Rs 1,934 on the NSE, missing investor expectations due to market volatility and concerns over the company’s valuation.
The S&P BSE Sensex gained 153.24 points to 81,304.51, while the NIfty50 added 36.80 points to 24,817.90 as of 10:10 AM.
Nanking major ICICI Bank led the gainers on Nifty50, advancing by 1.47%. Bharti Airtel showed positive momentum with a gain of 0.74%, while consumer goods giant Nestle India moved up by 0.57%. Technology stocks also made gains, with Tech Mahindra and Infosys rising by 0.51% and 0.40% respectively.
On the declining side, Tata Motors saw the steepest fall of 1.96%, followed by Tata Steel which dropped 1.88%. BEL (Bharat Electronics Limited) declined by 1.77%, while auto stocks faced pressure with both Maruti Suzuki and Mahindra & Mahindra (M&M) falling by 1.61%.
Broader market indices faced selling pressure with both mid and small-cap segments trading in negative territory. The Nifty Smallcap100 witnessed a decline, falling by 1.21%, while the Nifty Midcap100 decreased by 0.50%. The India VIX dropped by 4.92%.
Financial sectors showed strength with Nifty Financial Services leading the gainers, up 0.61%. Banking stocks performed well with Nifty Private Bank advancing 0.48% and Nifty Bank gaining 0.43%. The IT sector maintained positive momentum with Nifty IT climbing 0.47%. Nifty FMCG posted a modest gain of 0.18%, while Nifty Healthcare Index showed a slight uptick of 0.04%.
On the declining side, Nifty Realty faced the steepest fall of 2.06%, while Nifty Media and Nifty Metal both dropped 0.71%. The auto sector witnessed selling pressure with Nifty Auto declining 0.96%.
Other sectors in the red included Nifty PSU Bank (-0.59%), Nifty Consumer Durables (-0.39%), Nifty Midsmall Healthcare (-0.27%), and Nifty Oil & Gas (-0.17%). The mixed performance across sectors suggests selective buying interest, particularly in financial stocks, while the real estate and media sectors saw pressure.