Stock Market Starts Strong with Gains in IT and Financial Sectors

Benchmark stock market indices opened slightly higher on Thursday, buoyed by gains in the IT and financial sectors following a brief rally in the previous session. The S&P BSE Sensex rose by 153.84 points to 78,661.25, while the NSE Nifty improved by 40.10 points to 23,783.00 in early trading. Despite this uptick, Dr. V K Vijayakumar, Chief Investment Strategist at Geojit Financial Services, cautioned that indicators suggest ongoing economic slowdown, with December GST collections down 2.97% month-on-month and Q3 corporate earnings unlikely to show significant recovery. Among the day’s top performers, Bajaj Finance led the gainers on Nifty50 with a 3.20% increase, followed by Bajaj Finserv and Kotak Mahindra Bank. In contrast, NTPC Limited and Britannia Industries faced declines. Sector trends indicated strong performance in IT and financial services, while healthcare and consumer sectors experienced pressures. Overall, market sentiment remains mixed amid foreign institutional investors’ selling patterns and a focus on growth recovery.

Stock Market Starts Strong with Gains in IT and Financial Sectors

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