Sensex, Nifty Surge in Early Trade Powered by IT Stocks Rally..

stock market : The Indian stock market opened on a strong note today, with benchmark indices Sensex and Nifty witnessing significant gains, primarily driven by a surge in IT stocks. The Sensex jumped over 300 points in early trade, while the Nifty comfortably crossed key resistance levels, reflecting positive investor sentiment. Heavyweights in the IT sector, including TCS, Infosys, and Wipro, saw notable buying interest, leading the market rally. Analysts attribute the rise to strong earnings expectations, a favorable global market environment, and renewed interest from foreign institutional investors (FIIs).

The positive momentum was also fueled by easing global concerns, with Asian markets trading higher and Wall Street closing in the green. The US Federal Reserve’s dovish stance on interest rates and a stable rupee further boosted investor confidence. Banking and auto stocks also contributed to the market’s upward movement, while sectors like FMCG and pharmaceuticals showed mixed trends.

Market experts suggest that the strong uptrend in IT stocks is due to optimism surrounding upcoming quarterly results and robust deal pipelines in the sector. The depreciation of the rupee against the US dollar is seen as a key factor supporting IT companies’ revenues, making them attractive for investors. Additionally, domestic institutional investors (DIIs) remain net buyers, providing stability to the market amid volatility in global indices.

Despite the bullish start, market participants remain cautious as they await key macroeconomic data and corporate earnings reports in the coming weeks. Investors are also closely monitoring geopolitical developments and crude oil price fluctuations, which could influence market sentiment. However, with strong support from the IT sector and improving foreign inflows, the overall outlook for the market remains positive.

The trading session is expected to remain volatile, with profit-booking likely at higher levels. Experts advise investors to stay watchful of global cues and sector-specific movements while making investment decisions. If the rally sustains, Nifty may test new highs, and Sensex could aim for further upside, making this an exciting phase for market particip