Indian equity markets opened marginally higher on Thursday, October 29, with the Sensex and Nifty trading in positive territory. Buying interest was visible in TCS, Infosys and Adani Ports, while auto and metal stocks faced selling pressure.
The Sensex rose 40.72 points to 73,286.75 in early trade, while the Nifty gained 3.05 points to trade at 22,701.90. Buying in IT stocks supported the market, but weakness in banking and auto shares limited the gains.
Domestic equity markets witnessed mixed trading from the opening bell on October 29. Global markets provided no clear signals, prompting investors to focus on select stocks. According to early trading data, around 1,190 stocks advanced, while 1,035 declined and 155 remained largely unchanged.
With buying and selling activity broadly balanced, gains in the benchmark indices remained limited. The Sensex advanced 0.06%, while the Nifty gained approximately 0.01%. These figures reflect early trading and may change during the session.
IT stocks, which faced selling pressure on Wednesday, recovered in early trade on Thursday. TCS shares rose 1.54% to ₹2,498, while Infosys gained 0.83%. HCL Technologies advanced 0.66%, and Tech Mahindra climbed 0.61%.
Buying in IT stocks was also reflected in the Nifty IT index, which rose 0.84% to 31,819. IT shares had witnessed heavy selling in the previous trading session.
Adani Ports recorded the sharpest movement among stocks in early Thursday trading, with its shares rising 2.08% to ₹1,798. BSE gained 1.15%, Bharti Airtel advanced 0.99%, and Power Grid Corporation of India rose 0.95%.
Adani Ports released its September-quarter results a day earlier. The company reported year-on-year growth in both profit and business activity following the announcement.
While IT stocks supported the broader market, several major stocks traded lower. Trent shares fell 1.51% to ₹2,870. Maruti Suzuki declined 0.94%, Hindalco Industries fell 0.90%, and HDFC Bank dropped 0.89%.
Bajaj Finance, ONGC and Eicher Motors also traded in negative territory. Weakness in auto and banking stocks limited the gains in the benchmark indices.
Among sectoral indices, buying extended beyond IT stocks to public sector banks and media companies. The Nifty PSU Bank index rose 0.41%, while the media index gained 0.20%. The pharma and healthcare indices registered marginal gains of 0.05% each.
On the other hand, the Nifty Chemical and Cement indices declined 0.62%. The metal index fell 0.47%, while the auto index slipped 0.38%. The Nifty Bank traded 0.10% lower, and the FMCG index declined 0.22%.
