Nifty, Sensex Open Higher as Global Cues, FPI Inflows Boost Market; PSU Banks, Pharma Lead Gains

Mumbai, February 10 :
Indian stock markets opened on a positive note on Tuesday, supported by strong global cues and renewed foreign portfolio investor (FPI) inflows. The benchmark indices continued their upward momentum as investor sentiment remained upbeat.

The Nifty 50 opened at 25,922.65, up 55.35 points or 0.21%, while the BSE Sensex opened at 84,210, rising 144.25 points or 0.17%.

FPI Buying Supports Market Opening

Market experts said the positive opening was mainly driven by foreign investors turning net buyers in February and strength in broader market indices.

Ajay Bagga, Banking and Market Expert, told ANI that Indian stock futures were indicating a positive start and further consolidation could be expected.

“The Indian stock futures are pointing to a positive start, which could see further consolidation as FPIs have turned net buyers in February. Broader Indian indices outperformed the mainboard indices,” Bagga said.

US-India Trade Framework Deal Boosts Key Sectors

Bagga also noted that expectations of improved business activity after the US-India framework deal on trade helped multiple sectors rally.

Sectors such as textiles, gems and jewellery, auto parts, and PSU banks showed strong momentum during early trade.

FII and DII Inflows on NSE

As per cash market data on the NSE:

• FII inflows: Rs 2,254.6 crore
• DII inflows: Rs 4.2 crore

The strong foreign buying supported the overall market sentiment.

Broader Markets Show Strength

Gains were also visible across broader indices on the NSE:

• Nifty 100: +0.20%
• Nifty Midcap 100: +0.20%
• Nifty Smallcap 100: +0.46%

This indicated strong participation beyond frontline stocks.

Sector Performance: Pharma, PSU Banks Gain

Sectorally, mixed trends were seen in early trade:

Gainers

• Nifty Pharma: +0.50%
• Nifty Auto: +0.24%
• Nifty PSU Bank: +0.23%

Lagging Sectors

• Nifty IT: -0.21%
• Nifty FMCG: -0.02%
• Nifty Metal: -0.02%

Gold High, Silver Drops

In the commodities market:

• Gold: Rs 1,57,255 per 10 grams (24K)
• Silver: Rs 2,59,167 per kg (down 1.5%)

Bagga said dip buying was returning in gold and silver, while crypto also showed tentative recoveries.

Global Markets Remain Supportive

Global cues remained positive as US markets ended higher on Monday:

• S&P 500: +0.47%
• Nasdaq: +0.97%
• Dow Jones: recorded another record

Japanese markets also remained strong, while oil prices saw a temporary spike after US warnings related to Iranian waters in the Straits of Hormuz.

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