Indian equity markets opened higher on Tuesday, September 15, with benchmark indices gaining in early trade and offering some relief after a prolonged period of weakness. The Sensex climbed around 400 points, while the Nifty 50 moved above the 23,500 mark as investors returned to select large-cap and information technology stocks. The positive opening came after Indian shares had endured five consecutive weekly losses, although concerns over global economic conditions continued to limit market optimism.

At 9.15am, the Nifty 50 was trading 0.45 per cent higher at 23,503.65, while the BSE Sensex gained 0.53 per cent to reach 75,178.20. The opening gains indicated a stronger start compared with recent sessions, when domestic equities faced sustained pressure from global uncertainty and concerns surrounding economic growth. Despite the early recovery, market participants remained cautious about whether the gains could hold through the trading session.

Information technology stocks emerged as some of the strongest performers during the opening trade. IT shares rose sharply after renewed calls for a slowdown in the development of artificial intelligence, which appeared to ease some concerns surrounding the impact of emerging AI tools on traditional software services companies. The IT sector has been among the major laggards over the past year as investors assessed the threat posed by new AI technologies to established business models and revenue streams.

Also Read: Sensex, Nifty Open Flat as Crude Stays Above $100 On Middle East Tensions

The broader market, however, remained relatively mixed. According to market reports, eight of the 16 major sectoral indices advanced during early trading, while small-cap and mid-cap shares were largely unchanged. This suggested that the opening rally was concentrated in selected sectors and heavyweight stocks rather than representing a broad-based surge across the market. Investors continued to monitor global developments before making stronger bets in the broader equity space.

HDFC Bank was another major contributor to the market’s early gains. Shares of India’s largest private-sector lender rose around three per cent after the bank submitted its nominations for the position of chief executive officer to the Reserve Bank of India. The movement in HDFC Bank, along with the rise in IT stocks, helped support the benchmark indices and strengthened the positive tone during the first minutes of trading.

Market sentiment was also influenced by expectations that Indian shares would open higher following the recent run of losses. However, elevated crude oil prices and rising global bond yields ahead of this week’s US Federal Reserve meeting could restrict the upside. Investors are likely to watch the central bank’s signals on interest rates, inflation and economic growth, while also tracking international market cues and domestic institutional activity during the session.

Also Read: South Korea Broadens Stock Trading Hours To Attract More Overseas Market Investors