Sensex opens 82 points higher, Nifty below 25,500; Bajaj Finance up 2%

The S&P BSE Sensex was up 46.97 points to 83,286.44, while the NSE Nifty50 added 14.45 points to 25,419.75 as of 9:22 am. 

Benchmark stock market indices opened marginally higher on Friday, helped by a rise in FMCG and financial sector stocks, as Dalal Street is expected to be rangebound due to lack of fresh triggers.

The S&P BSE Sensex was up 46.97 points to 83,286.44, while the NSE Nifty50 added 14.45 points to 25,419.75 as of 9:22 am.

Dr. VK Vijayakumar, Chief Investment Strategist, Geojit Investments Limited, said that there are no triggers to break the 25200-25800 Nifty range immediately.

"Even while trading within this range the market is resilient. This resilience is supported externally by the strength of the mother market US where S&P 500 and Nasdaq are at record highs and domestically by the strong and sustained flows into the market, which has made DIIs sustained buyers in the market," he added.

The cap to the upside of the range is put by the tepid earnings growth and expectations of modest earnings growth in FY26. Investors should watch for possible changes in the earnings growth trajectory, the indications of which will be available in the Q1 results, which will start coming soon.

Outperformances in results are likely to be company-specific rather than sector-specific. For instance autos are likely to report modest numbers, but TVS, Eicher and M&M can deliver better than industry numbers. Similarly in financials Bajaj Finance and Sriram Finance may outperform. Therefore, market action is likely to be stock-specific.

- Ends