Indian Markets Open Strong Amid Global Uncertainty
The Sensex and Nifty 50 kicked off Thursday’s trading session on a high note, extending their winning streak as IT stocks led the market rally. The BSE Sensex jumped 727 points to open at 85,154.15, while the Nifty 50 surged 188 points to reclaim the 26,000 mark, buoyed by strong buying in technology and mid-cap stocks.
Despite mixed global cues and concerns about geopolitical tensions, Indian investors showed renewed optimism, with market sentiment supported by Foreign Institutional Investors (FIIs) extending their buying streak for the fifth consecutive session.
“For now, the upside objective for the Nifty 50 is set at 26,186, with 26,800 appearing as an optimistic target,” analysts noted. “An outright reversal is not expected today.”
IT Stocks Drive the Rally
Technology counters were the clear winners of the day, with Infosys, HCLTech, and Tech Mahindra among the top performers on both the Sensex and Nifty 50 indices. The Nifty IT index surged 1.84%, emerging as the best-performing sectoral index, driven by renewed investor confidence and optimism over global IT spending recovery.
Market experts pointed out that positive cues from the U.S. and reports of an imminent India-U.S. trade deal added further momentum to Indian equities, particularly export-oriented tech firms.
“A potential trade agreement between India and the U.S. is fueling optimism,” said one market strategist. “Comments from President Trump and Prime Minister Modi suggest that an announcement could be imminent, which would benefit IT exporters.”
Sensex Momentum Boosted by Global and Domestic Factors
While the Sensex gained more than 700 points, broader market indices also traded higher. The Nifty SmallCap 100 rose 0.33%, and the Nifty MidCap 100 gained 0.44%, reflecting a broad-based rally across sectors.
Among the Sensex gainers were Infosys, Tech Mahindra, and HCLTech, while Bajaj Finserv, Maruti Suzuki, and Power Grid were among the notable laggards.
Analysts noted that market breadth remained positive, with over two-thirds of Nifty 50 stocks trading in the green. The bullish sentiment was further supported by continued FII inflows, which added ₹96 crore worth of equity on October 21.
Investors Eye Trade Developments and Q3 Earnings
The recent upswing in the Sensex and Nifty 50 comes ahead of the upcoming Q3 earnings season, where major IT and banking companies are expected to post robust results.
Investors are also keeping a close watch on global trade developments, particularly the rumored India-U.S. trade pact, which could include tariff relaxations and digital trade facilitation — both potentially beneficial for the IT and services sectors.
“We are seeing the Indian market decouple from short-term global volatility,” said Rajesh Agarwal, senior analyst at Global Market Insights. “The underlying domestic fundamentals — strong earnings, stable rupee, and foreign inflows — continue to support both the Sensex and the Nifty 50.”
Key Levels to Watch
According to technical analysts, Nifty 50 faces immediate resistance near 26,186, with a potential breakout target of 26,800 if momentum continues. On the downside, support levels are seen around 25,780.
For the Sensex, the next psychological milestone lies at 85,500, with strong support at 84,300. Traders are advised to monitor IT and banking stocks closely, as these sectors are likely to set the tone for the next leg of the rally.
Broader Market Outlook
The rally in the Sensex and Nifty 50 underscores the resilience of Indian markets despite global headwinds, including U.S. Federal Reserve rate uncertainty and ongoing geopolitical risks.
Experts predict that domestic markets could see short-term consolidation after the recent surge, but long-term fundamentals remain strong.
“We may see profit booking at higher levels, but the overall uptrend in the Sensex and Nifty 50 remains intact,” said Aditi Shah, market strategist at FinEdge Capital. “Any correction should be viewed as a buying opportunity, especially in quality IT and banking names.”
With foreign investors returning and global tech demand improving, analysts expect the Sensex to hold above the 85,000 mark and the Nifty 50 to sustain above 26,000 in the near term.
Conclusion: Markets Poised for Continued Gains
As the trading week progresses, the Sensex and Nifty 50 are expected to remain volatile yet positive, supported by strong corporate earnings expectations and favorable macroeconomic indicators.
With IT giants leading the charge and renewed foreign investor interest, India’s equity markets appear well-positioned for steady growth heading into the final quarter of 2025.
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