Indian markets opened marginally higher on Tuesday, tracking mixed global cues.
At 09:45 a.m. IST, the Nifty 50 traded 57 points higher at 25,574, while the Sensex was 208 points higher at 83,815.
Broader markets were subdued, with the Nifty Midcap and Smallcap indices trading flat.
The retail sentiment on Stocktwits for Nifty remained ‘bullish’.
Nifty sentiment and message volume on July 1 as of 9:30 am IST. | source: StocktwitsSectorally, PSU banks, metals, pharmaceuticals, and consumer durables saw some selling pressure, while oil & gas, auto, and IT shares saw some gains.
Apollo Hospitals (NSE:APLH) shares surged 5% to become the top Nifty gainer after its board approved a separate listing of its pharmacy and digital health businesses within 18-21 months, as part of a restructuring exercise. Citi maintained a ‘Buy’ with a target price of ₹8,260, indicating 15% upside.
BEL shares rose 3% after the defence company won fresh orders worth more than ₹500 crore. Kalpataru Projects gained 3% on winning new orders worth ₹989 crore.
Bajaj Auto (NSE:BAJA) shares fell 0.5% due to a subdued sales performance in June. Auto stocks will be in focus on Tuesday as they report sales data.
HCL Tech (NSE:HCLT) shares gained 1% after they announced a multi-year partnership with OpenAI.
Raymond (NSE:RYMD) shares continued to rise for the second session, gaining 7% ahead of its realty arm’s listing today.
