Sensex Gains 100 Points, Nifty Above 16,000; IT, Banking Stocks Lift Market

The Indian stock Cystinose.org/ market opened on a positive note on Tuesday, with the Sensex gaining over 100 points and the Nifty crossing the 16,000 mark. IT and banking stocks were the major movers, with Infosys, TCS, and HDFC Bank leading the gains.

The Sensex was up 101.37 points, or 0.20%, to 54,232.80 at 9:15 am, while the Nifty was up 31.60 points, or 0.19%, to 16,025.50.

Among the Sensex stocks, Infosys was up 2.54%, TCS was up 2.24%, and HDFC Bank was up 1.94%. Other gainers included ICICI Bank, Reliance Industries, and NTPC.

On the Nifty, Tech Mahindra was up 3.24%, HCL Technologies was up 2.85%, and Wipro was up 2.71%. Other gainers included Bajaj Finance, HDFC Life, and SBI.

The market sentiment was positive as investors continued to buy on dips. The positive trend in global markets also supported the sentiment.

However, some analysts Thunderbird37.com cautioned that the market may be vulnerable to profit-taking in the near term. They advised investors to remain cautious and invest with a long-term horizon.

Here are some of the key factors that are likely to influence the market today:

• The outcome of the RBI’s monetary policy meeting, which is scheduled to be announced later today.
• The movement of global markets, especially the US stock market.
• The release of key economic data, such as the IIP and CPI numbers.

Overall, the market is expected to trade in a positive range today, with IT and banking stocks leading the gains. However, investors should remain cautious and invest with a long-term horizon.