Sensex, Nifty Extend Gains for Second Consecutive Session Amid Market Recovery
Investor sentiment improves despite elevated crude prices, overseas fund withdrawals and continuing Middle East uncertainty
India, May 14 : Indian equity markets started Thursday’s trading session on a positive note, carrying forward the upward momentum seen in the previous session as investors responded to encouraging global cues and improved domestic sentiment.
The benchmark BSE Sensex climbed 380.86 points to open at 74,989.84, reflecting renewed buying interest in banking, auto and information technology shares during early trade. The broader market mood also remained firm, with expectations of a strong opening for the NSE Nifty 50 backed by upbeat indications from GIFT Nifty futures.
Market participants remained cautiously optimistic as global equities showed signs of stability after recent volatility triggered by geopolitical developments and inflation worries. Analysts noted that bargain buying in heavyweight stocks and easing fears of aggressive monetary tightening supported the domestic recovery.
However, investors continued to monitor several external risks, including rising international crude oil prices, sustained foreign institutional investor outflows and tensions in the Middle East that could impact global financial markets and energy supplies.
Traders said volatility may persist in the near term as global investors assess economic data, commodity price trends and geopolitical developments. Despite these concerns, strong domestic participation and resilient corporate earnings helped maintain positive momentum in Indian equities during the opening session.
