Sensex, Nifty Today: Earlier, Gift Nifty, an early indicator for the Nifty 50, indicated a positive start, opening slightly in the green at 24,402/50, against the previous close of 24,394.50.
Mumbai: Sensex, Nifty Today: Indian benchmark indices Sensex and Nifty opened little changed on Friday, May 2, 2025, amid positive global cues. The 30-share BSE Sensex gained 57.95 points to open at 80,300.19, while Nifty was almost flat and was up by just 22.30 points, starting the trading session at 24,311.90. In the last trading session, the Sensex closed at 80,242.24 and the Nifty 50 at 24,334.20. While the BSE Smallcap was down by around 0.50 per cent, the BSE Midcap index was up around 0.34 per cent in the opening trade.
From the Sensex pack, Adani Ports, Tata Consultancy, Mahindra & Mahindra, State Bank of India and Infosys were in green in the opening trade, with Adani Ports gaining around 3 per cent on the back of positive quarterly results. On the other hand, Eternal, Nestled India, Larsen & Toubro, Power Grid and Bajaj Finance were in the red at the time of writing this news, with Eternal falling around 4.56 per cent.
In early trade, 1,213 stocks in the Nifty pack were trading in the green, while 1,093 were trading in the red. 84 stocks remained unchanged.
What did Gift Nifty indicate?
Earlier, Gift Nifty, an early indicator for the Nifty 50, indicated a positive start, opening slightly in the green at 24,402.50, against the previous close of 24,394.50.
According to Shrikant Chouhan, Head Equity Research, Kotak Securities, weak sentiment will likely persist as long as the market remains below the 24,450/80500 level.
“From a technical perspective, the market is consistently facing selling pressure near the 24,450/80500 resistance zone and has also formed a double top pattern on the intraday chart, indicating potential temporary weakness from current levels. We believe that weak sentiment will likely persist as long as the market remains below the 24,450/80500 level. On the downside, the market could re-test the 24,000/79300 levels. Further declines may occur, potentially bringing the index down to around 23,900/79000. Conversely, if the index breaks above the 24,450/80500 level, it could alter market sentiment, with potential upward movement towards 24,600-24700/81000-81300,” Chouhan added.
Asian Markets Today
Meanwhile, Asian markets traded in the green on Friday as Wall Street ended higher after the big tech companies like Microsoft reported profits. The S&P 500 climbed by 0.6 per cent. The Dow Jones Industrial Average added 0.2 per cent and the Nasdaq composite rose 1.5 per cent.
At the time of writing the news, South Korea’s Kospi was up by 6.63 points or 0.26 per cent. Hong Kong’s Hang Seng surged 373.38 points or 1.69 per cent. Similarly, Japan’s Nikkei 225 rose 331.51 to trade at 36,782.66.
How did individual sectors perform?
Most of the major Nifty sectoral indices traded in the green today, with the Nifty IT gaining 0.66 per cent. Similarly, Nifty PSU Bank was up by 0.57 per cent. While Nifty Auto gained by 0.11 per cent, Nifty FMCG Index traded in the red and was down 0.06 per cent in the opening trade.
