Positive start to the stock market as the Sensex and Nifty near record highs

Both the Sensex and Nifty indices were trading close to all-time highs when the stock market opened today, signaling a positive start. The Sensex displayed a green signal at the start of the trading day, rising by 179.77 points to reach 67,646.76. Similar to the Dow, the Nifty began the day in the black after adding 66.35 points to reach 20,136.65. The Nifty-listed companies showed a mixed mood among investors, with 22 in the advancing category, 27 in declines, and 1 remaining unchanged.

Notable gainers in the early trading session included Wipro, Adani Enterprises, M&M, Coal India, and SBI, while LTIMindtree, SBI Life, Sun Pharma, Axis Bank, and Asian Paints were among the top losers.
Market analyst, Varun Aggarwal, founder and managing director of Profit Idea, expressed optimism about the market’s direction.
Aggarwal noted, “Strong put writing around 19,500 PE (price to earning ratio) indicates a positive market bias. The small and mid-cap ratio favors bullish momentum, and we are only halfway through the channel. It’s clear that the bull run in small-caps is not over, and corrections are healthy for the market.”