Indian markets opened the weekly expiry session on a positive note, as investors await developments on the U.S.-India trade deal. The Nifty traded above the 25,500 level in early trade.
At 10:00 a.m. IST, the Nifty 50 traded 84 points higher at 25,540, while the Sensex rose 299 points to 83,708.
Broader markets fared slightly better, with the Nifty Midcap and Smallcap indices rising 0.1%
The retail sentiment on Stocktwits for Nifty remained ‘bullish’.
Sectorally, metals continued to shine for the second session, along with autos seeing strong buying. On the flip side, PSU banks continued to reel under pressure.
Nykaa (FSN E-Commerce Ventures (NSE:FSNE)) shares fell 4% following a block deal.
Avenue Supermarts (NSE:AVEU) shares slipped 4% following their first quarter (Q1FY26) business update. Also Goldman Sachs (NYSE:GS) has a ‘Sell’ rating, with a target price of ₹3,400, indicating 21% downside.
Tata Power (NSE:TTPW) fell over 2% after an arbitral tribunal claimed damages worth $498 m in Kleros case.
And Coromandel International (NSE:CORF) rose 4% as the Competition Commission of India (CCI) approved its share acquisition in NACL.
From a technical standpoint, SEBI-registered analysts on Stocktwits shared the trade setup.
Kush Ghodasara noted that the Nifty index had enjoyed a strong short-term bull run, but recent price action suggests that momentum has exhausted. The momentum indicators are showing a shift towards a bearish bias.
