Sensex today | Stock Market Live: Sensex jumps 460 points, Nifty reclaims 23,550 in early trade

Indian equity markets opened higher on Tuesday despite mixed global cues. At 9.16 a.m., the Sensex was up 459.68 points, or 0.61 per cent, at 76,152.46, while the Nifty gained 109.60 points, or 0.47 per cent, to 23,550.40.

With the Q2 results season peaking, stock-specific action is expected to dominate trading activity, while the US midterm election outcome will remain a key global trigger.

Markets may extend their recovery after the previous session’s strong rebound, supported by easing crude oil prices and hopes of de-escalation in the Middle East. However, the sustainability of the upmove will depend on global market trends, progress in US-Iran negotiations and investor sentiment.

Asian stocks declined in early trade, while US markets retreated sharply overnight from their day’s highs amid election-related nervousness. Continued weakness in global technology stocks or setbacks in diplomatic negotiations could revive volatility and weigh on risk appetite.

On the derivatives front, Call OI is concentrated at 23,500, followed by 23,600, while maximum Put OI is at 23,000, followed by 23,200. Weekly PCR at 1.66 and monthly PCR at 1.27 indicate supportive positioning, according to SAMCO Securities.

Nifty opening level: The Nifty opened higher and was trading at 23,550.40 at 9.16 a.m., up 109.60 points or 0.47 per cent.
Immediate resistance: 23,500, followed by 23,600, where Call Open Interest is concentrated.
Key support: 23,000, followed by 23,200, where maximum Put Open Interest is concentrated.
Put-call ratio (PCR): Weekly PCR at 1.66 and monthly PCR at 1.27 indicate supportive derivatives positioning.
Market bias: The positive opening and higher Put OI suggest a supportive near-term setup, but the Nifty’s ability to sustain above 23,500-23,600 will be important.

Trading takeaway: The bias remains positive while the Nifty holds above 23,500, but a decisive move beyond 23,600 would be needed to strengthen the upside momentum.

The benchmark 6.94% 2036 bond yield is seen trending in a 7.28%-7.33% range, a private bank trader ‌said, after ending at 7.3154% on Monday