Daijiworld Media Network – Mumbai

Mumbai, Jul 2: Indian stock markets witnessed a smart recovery in early trade on Tuesday, mirroring positive cues from global peers. The benchmark indices, Sensex and Nifty, opened on a strong note, rebounding from losses in the previous session.

At the opening bell, the 30-share BSE Sensex surged by 177.79 points, climbing to 83,784.25, while the broader 50-share NSE Nifty advanced 51.2 points to trade at 25,568.25.

Analysts attributed the early gains to upbeat global market sentiment and fresh buying in heavyweight stocks. Notably, Reliance Industries and HDFC Bank, two of the biggest constituents in the indices, were among the top contributors to the rally.

Other prominent gainers included Asian Paints, Bharat Electronics, UltraTech Cement, and HCL Tech, all posting early upticks.

However, not all counters were in the green. Shares of Trent, Axis Bank, Eternal, and Tata Steel were among the early laggards, capping broader gains.

The rebound follows a weak session on Monday when indices witnessed profit-booking amid volatility. Investors are now closely watching global economic indicators and upcoming corporate earnings for further market direction.

Market experts suggest that continued foreign inflows and positive corporate commentary could lend further support to domestic equities in the near term.