Mumbai, July 29: Indian benchmark equity indices opened on a strong note, gaining nearly 1% in early trade as information technology (IT) stocks led a broad-based market rally. Positive global cues and renewed investor optimism supported buying across key sectors, lifting overall market sentiment.
The BSE Sensex and NSE Nifty 50 witnessed robust gains shortly after the opening bell, with leading IT companies emerging as the top contributors to the rally. Strength in technology stocks, coupled with buying interest in select banking and financial shares, helped drive the market higher.
The positive momentum was further supported by favorable international market trends and expectations of resilient corporate earnings. Investors remained encouraged by improving risk appetite and steady participation in frontline stocks.
Market experts noted that while the strong opening reflects healthy investor confidence, market participants will continue to monitor global economic developments, corporate earnings, and macroeconomic indicators for further direction.
The upbeat start to the trading session underscores the resilience of Indian equities, with the IT sector playing a pivotal role in powering the market's early gains.
