Nifty and Sensex Open Higher as US Treasury Measures and Wall Street Rebound Lift Markets

Indian benchmark indices opened sharply higher on Thursday, successfully breaking a seven-session losing streak. The positive market movement followed easing US Treasury yields and an overnight Wall Street rebound that lifted global risk sentiment.

The Sensex opened at 77,468.45 and traded at 77,492.86, registering an increase of 583.18 points or 0.76 per cent compared to its previous close of 76,909.68. Similarly, the Nifty 50 opened at 24,225.45 and traded at 24,198.40, up 120.10 points or 0.50 per cent from its previous close of 24,078.30.

The broader market recovery was triggered largely by an overnight recovery on Wall Street. US markets snapped their own three-session losing streak after the US Treasury announced plans to double long-duration bond buybacks to at least $4 billion per operation. This move helped cool bond-market stress, pulling the 10-year US yield down to 4.65 per cent and causing the US Dollar Index to slip below the 99 mark.

Among the Nifty 50 gainers, Shriram Finance led the pack with a 1.77 per cent rise, trading at ₹1,125.60. Eternal gained 1.45 per cent to ₹324.65, while Bajaj Finance rose 1.38 per cent to ₹1,095.10. Kotak Mahindra Bank added 1.35 per cent to reach ₹395.50, and Infosys climbed 1.29 per cent to ₹1,134.30.

On the losing side, Hindalco was the top decliner, down 0.59 per cent to ₹1,032.85. Other major laggards included ONGC, which slipped 0.52 per cent to ₹236.77, Coal India, which fell 0.44 per cent to ₹398.25, Max Healthcare, declining 0.42 per cent to ₹992.80, and NTPC, shedding 0.25 per cent to ₹335.70.

Sectorally, IT stood out as a strong performer, whereas the Defence index faced pressure, shedding 1.60 per cent. Energy indices also closed lower by 1.20 per cent in the previous session. Regional markets followed the positive trend, with South Korea's Kospi surging around 5 per cent and Japan's Nikkei 225 advancing 1.45 per cent in Asian trade.

Institutional activity showed continued participation from domestic and foreign players. Foreign institutional investors purchased equities worth ₹407 crore in the previous session, marking their second consecutive day of net buying. Meanwhile, domestic institutional investors bought ₹3,973 crore worth of equities, recording their seventh straight session of net purchases.

Despite the positive opening, market analysts have urged caution. Technical assessments indicate that the expected gap-up opening takes the Nifty directly into the 24,200–24,300 resistance zone. Market experts noted that investors should avoid chasing the gap-up blindly, as a decisive close above 24,300 is necessary to confirm short-term stabilisation, while a drop below 24,000 could accelerate selling pressure.

"The recent rebound in Indian equities, driven by easing US bond yields and positive global cues, offers temporary relief after a prolonged losing streak. However, business leaders and investors must remain cautious. While institutional buying provides foundational support, macroeconomic factors like elevated crude oil prices and geopolitical tensions mean that sustainable market recovery will require overcoming immediate resistance zones rather than relying solely on global sentiment." — Dr. Shishir Gupta, Founder & CEO, StartupLanes