Indian market opens mixed as Sensex jumps 500 points while Nifty gains 37
India's primary stock index surged over 500 points on Friday despite marginal moves in the broader benchmark. Analysts point to rising private investment but warn of persistent high bond yields globally.
The Indian stock market opened Friday with a split reaction between its two main benchmarks. The Sensex climbed approximately 500 points, opening at 76,657 after rising around 0.7% from previous levels. In contrast, the Nifty 50 index recorded marginal gains, rising 37 points to open at 23,911. Broader market indices followed a similar pattern. The Nifty Midcap 100 saw only minor increases, while the Nifty Smallcap 100 advanced 0.35%. Several individual stocks led the positive momentum. Bajaj Finserv shares jumped roughly 2%, driving gains for Sensex participants. BEL, Trent, IndiGo, Adani Ports, Bajaj Finance, and Titan all increased by more than 1% each. Conversely, Axis Bank, Bharti Airtel, ICICI Bank, and Eternal stocks declined slightly. Market breadth favored bulls, with the National Stock Exchange of India (NSE) recording 1,881 advancing stocks against 1,038 declining ones. A total of 102 stocks remained unchanged at opening prices. VK Vijayakumar, Chief Investment Strategist at Geojit Investments, attributed today's activity to an ongoing flow of mixed news. He cited a recent CMIE report showing a 97% surge in private investment during the first quarter of FY27 compared to FY26. This increase suggests improving capital expenditure and potential growth for the economy. However, Vijayakumar identified rising global bond yields as the primary negative factor. The U.S. 10-year yield has stabilized near 4.8%. He mentioned that Japanese bond yields are also high without specifying a number.
