06 August,2026 11:11 AM IST | Mumbai | mid-day online correspondent
Representational image. File pic
Indian benchmark indices on Thursday once again opened on a flat note, adjusting for the previous session's closing auction movement. This comes amid easing crude oil prices and improving geopolitical sentiment, which supported investor confidence.
According to ANI, the Sensex opened at 78,782.43 against the previous close of 78,581, gaining 201.43 points or 0.26 per cent, while the Nifty opened at 24,641 compared with its previous close of 24,624.65, up 16.35 points or 0.07 per cent.
At the time of filing this report, the Nifty was trading at 24,639.95, higher by 15.30 points, or 0.06 per cent, while the Sensex was at 78,768.81, up 187.81 points or 0.24 per cent.
On the BSE, Titan, Reliance Industries, Tech Mahindra, Eternal, BEL, Asian Paints, Tata Steel, Larsen & Toubro, HCL Tech, ITC, Adani Ports, and Infosys were among the major gainers. Power Grid, Trent, Maruti Suzuki, Axis Bank, Bharti Airtel, and IndiGo were among the top laggards.
On the NSE, Titan, Reliance Industries, Eternal, Cipla, BEL, Asian Paints, Adani Ports, Larsen & Toubro, and Eicher Motors led the gainers, while Power Grid, ONGC, HCL Tech, Bajaj Auto, Kotak Mahindra Bank, Bajaj Finance, Hindustan Unilever, HDFC Life, ITC, SBI Life, and TCS were among the top losers, as per ANI.
While the market did open on a flatter trajectory, trading remained mixed in early deals, with auto, FMCG, IT, metal, realty, and cement stocks trading in the red. Several broader market indices also remained under pressure.
In the commodities market, Brent crude traded at around USD 79.26 per barrel, while WTI crude hovered near USD 75 per barrel. Gold was trading at around USD 4,262.62, as per ANI.
Expert opinion
Market and banking expert Ajay Bagga said the diplomatic tone between the United States and Iran had become "noticeably more constructive," although a final peace agreement was yet to be reached.
Bagga added, "Overnight, the diplomatic tone between Washington and Tehran has turned noticeably more constructive, but we are not yet at a final peace agreement," as cited by ANI.
The Strait of Hormuz is a key global oil shipping route, and optimism over the ongoing talks weighed on crude oil prices, lending support to equity markets.
Sectorally, trading remained mixed in early deals, with auto, FMCG, IT, metal, realty and cement stocks trading in the red. Several broader market indices also remained under pressure.
Market analyst Vipin Dixena said the market was searching for direction after the recent rally, with investors becoming increasingly selective and favouring fundamentally strong stocks over the broader market.
He further noted that while the medium-term trend remained positive, a decisive close above the 24,650 level on the Nifty would be required to confirm fresh bullish momentum, with any dip towards the 24,500 level likely to attract buying interest.
(With inputs from ANI)
