Market Opening Bell: Indices open in the green; NIFTY above 24,400 level, SENSEX up 330 points, IndusInd Bank rises 1.4%

The Indian stock market on Tuesday, April 29, opened higher, backed by a rally in the small-cap index and banking stocks. Foreign investors buying momentum in the Indian equity market also added to the positive optimism among investors.

At 9:17 AM, the S&P BSE SENSEX surged 336.12 points, or 0.42%, at the 80,554.49 level, while NSE’s NIFTY50 was at the 24,427.75 level, rising 99.25 points, or 0.41%.

The market also cheered as India's industrial output grew 3.0% in March 2025, marginally higher than the 2.7% growth recorded in February, according to official data released on Monday.

The broader market was trading positively during the opening session, with the NIFTY Smallcap 100 index surging 1.15%. Nifty Midcap 100 was also up 0.97%.

Among sectors, Nifty PSU Bank was the top gainer, rising 1.59%.

The market breadth remained in favour of positive as 2,020 stocks advanced in the early session out of 2,385 traded.

Foreign institutional investors (FIIs) bought equities worth Rs 2,474.10 crore on a net basis on Monday, according to exchange data.

Globally, the US market ended mixed after a choppy session on Monday amid trade war uncertainties and rising gold prices.

The Dow Jones Industrial Average gained 114.09 points, or 0.28%, to 40,227.59; the S&P 500 rose 3.54 points, or 0.06%, to 5,528.75, while the Nasdaq Composite declined 16.81 points, or 0.10%, to 17,366.13.

On Tuesday morning, Asian markets were majorly trading positively, though investors remained cautious.

South Korea inched higher by 0.57% during the early session, while Hong Kong’s Hang Seng index was trading up 0.41%. The Shanghai Composite, however, was also down 0.03%.

Trading in Japan was closed on Tuesday.

As many as 2,443 stocks traded on the NSE during the early session, among which only 1,856 stocks were trading in the green, 528 in the red and 59 shares remained unchanged.

As many as 17 stocks hit their one-year high in the early trade, while only 5 stocks touched their 52-week low.

Further, 37 stocks hit their upper circuits while only 17 hit their lower circuits.

India VIX, the volatility gauge, was trading 2.18% higher at 17.31 levels.

Bharat Electronics, Tata Motors, IndusInd Bank, Trent and Reliance Industries were the most contributing stocks on the NIFTY50 index, rising as much as 2.16%.

While Nestle India, Sun Pharma, UltraTech Cement, Dr Reddy’s and Shriram Finance were the top losing stocks, falling as much as 1.58%.