Indian Equity Markets Open Sharply Higher

Indian equity markets indices opened sharply higher on Friday, lifted by improved global sentiment and value buying. The BSE Sensex surged 988 points to 74,835.49, while the Nifty 50 gained 296 points to 22,695.40, with both indices advancing over 1.3% in early trade.

Global Rebound and Domestic Cues Fuel Rally

The uptick comes on the heels of a global rebound in equities after a turbulent US session. Investors are also factoring in positive domestic cues and expectations of steady inflation. Banking, auto, and IT stocks were among the top gainers in the early session.

Expert Insights on Market Volatility

Dr. V K Vijayakumar, Chief Investment Strategist at Geojit Financial Services, noted, "The heightened uncertainty and volatility in global markets may persist for some time. However, India remains relatively insulated due to stable macros and fair largecap valuations."

Sectoral Indices and Broader Markets Join the Rally

Meanwhile, Nifty’s Consumer Durables index jumped 3%, and Metal, Realty, and Financial Services indices rose over 2%. Broader markets also participated in the rally, with Nifty Midcap 100 and Smallcap 100 gaining 2% each. Notably, India VIX, a key volatility gauge, fell by 10.2% to 20.47, indicating easing market anxiety.