The Indian stock market is starting the day with a blend of optimism and caution as theBSE SensexandNSE Nifty 50show early gains, led by strength in select sectors like IT and technology. At the opening bell, both indices are trading above previous close levels, reflecting positive sentiment driven by local buying interest and encouraging global cues. However, broader market momentum remains guarded amid mixed domestic and international indicators, with strategists pointing to key technical levels that could dictate intraday direction.
Despite the early strength, analysts suggest the market could remainrange-boundunless Sensex breaks decisive levels on either side. Domestic institutional activity and global trends, including foreign investor participation and geopolitical developments, will play a crucial role in determining whether the rally continues or profit-taking emerges. Traders are also keeping an eye on support zones around key Fibonacci levels and resistance hurdles near recent highs, while sector-specific action is expected to influence overall market sentiment throughout the session. Overall, the opening trend indicates a cautiously optimistic environment, but volatility and swift reversals cannot be ruled out.
