Indian Stock Market Defies Geopolitical Tensions with Positive Opening

The Indian stock market opened positively on Friday, despite geopolitical concerns in the Middle East. Key indices, BSE Sensex and NSE Nifty, showed gains even amid global uncertainties. Sectoral analysis reveals that domestic fundamentals currently support investor confidence, especially in auto, financial services, and PSU bank sectors.

In a display of resilience, the Indian stock market began Friday's trading session on a positive note, navigating through the escalating geopolitical tensions in the Middle East. The benchmark indices recorded significant gains, highlighting investor confidence amid global uncertainties.

Opening the day robustly, the BSE Sensex added 237.77 points to reach 81,599.63, while the NSE Nifty increased by 77.55 points, starting at 24,870.80. Despite ongoing concerns over the Israel-Iran conflict affecting global market sentiment, 32 out of 50 Nifty companies recorded early gains.

Sectorally, Nifty Auto, Nifty Financial Services, and Nifty PSU Banks led the positive momentum, buoyed by domestic economic indicators and a strong appetite for banking and consumption stocks. Conversely, sectors with international exposure, like Nifty Media, Nifty Metal, Nifty Pharma, and Nifty IT, registered losses.

(With inputs from agencies.)