Share Markets Open Strong But Remain Volatile; Sensex Under 80,300, Nifty Tests 24,350

Indian benchmark indices carried on the sentiment from the previous trading session and continued to rally ahead on Tuesday. Around 9:29 AM, the BSE Sensex jumped 350 points to cross 80,500 in the session, while the NSE Nifty50 gained 87 points to trade above 24,400.

On the 30-share Sensex platform, Tata Motors, IndusInd Bank, Reliance Industries, Axis Bank,and Bharti Airtel emerged among the gainers. Meanwhile, the laggards in the early hours of the session included Sun Pharma, Nestle, UltraTech Cement, PowerGrid, and Bajaj Finance. This rally in the markets was driven by an expectation of improvement in trade tensions with the US and continued foreign fund inflows.

In the broader markets, the indices traded entirely in green. The Nifty Smallcap50 dominated the gains and climbed 1.38 per cent in the morning.

Sectorally, the PSU Bank index climbed 1.68 per cent in the session. On the other hand, the Pharma index tanked 0.73 per cent during the initial trading hours.

However, as markets progressed, the indices pared their gains but continued to trade higher. Around 9:42 AM, the Sensex traded under 80,300, while the Nifty inched up 21 points to test 24,350 in the session.

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