Sensex, Nifty open higher driven by a rally in IT sector stocks; Infosys gains 2%

The S&P BSE Sensex was up 246.41 points to 76,084.77, while the NSE Nifty50 added 62.15 points to 23,086.80 as of 9:26 AM. 

Benchmark stock market indices gained in early trade to open higher on Wednesday after witnessing a crash in the last session. The market was driven by gains in information technology (IT) stocks.

The S&P BSE Sensex was up 246.41 points to 76,084.77, while the NSE Nifty50 added 62.15 points to 23,086.80 as of 9:26 AM.

Dr. V K Vijayakumar, Chief Investment Strategist, Geojit Financial Services said, ""President Trump’s orders and announcements, so far, have been disruptive. He is doing tough talking initially to send the message that more stern measures are in the offing. Trump’s threat to impose 100% tariffs on BRICS if they attempt dedollarisation is a repeat of his election campaign rhetoric. It appears that the markets took this threat too seriously."

Nifty is down around 12% from September highs. The correction provides a good opportunity for long-term investors to buy quality stocks, which are now available at fair valuations. The key to success will be patience.