# Sensex and Nifty Rebound on Selective Buying Led by Banking and Auto Stocks

> Indian benchmark indices opened in positive territory on Friday with Sensex trading at 73,679 and Nifty reclaiming 23,084 despite heavy losses in IT counters.

**Type:** article · **Category:** Market · **Published:** 2026-09-25 · **Source:** TrendKia
**Canonical:** https://trendkia.com/en/market/nichale-staron-para-livali-se-snbhale-sensex-aura-nifty-banking-va-auto-sheyaron-ne-diya-sahara-38259 · **Language:** English
**Tags:** Stock Market, Sensex, Nifty, Indian Equities, Banking Stocks, IT Stocks, Adani Enterprises, Larsen and Toubro

Domestic equity benchmarks staged a mild recovery on Friday morning following steep losses in the previous session. Amid mixed cues from international equity markets, value accumulation at lower price levels supported the indices, helping them climb back into the green. Steady purchasing across automobile and financial counters provided crucial backing to the indices, even though persistent selling pressure across software exporters capped the morning momentum.

## Opening Performance of Benchmark Indices
During the opening minutes of the session, the 30-share BSE Sensex advanced by 98.66 points, or 0.13 percent, to trade at 73,679.20. Simultaneously, the 50-share NSE Nifty edged up by 21.55 points, or 0.09 percent, reaching 23,084.65. Overall market breadth leaned in favour of advances during early deals. Across listed counters, around 1,090 stocks registered price gains, while 781 traded lower in the red, and 155 stocks remained unchanged compared to their previous closes.

## Top Advancing Stocks Across Frontline Indices
Broad market data indicated that industrial, financial, and utility counters powered the early advance. On the Nifty dashboard, leading gainers included Adani Enterprises, Shriram Finance, and Power Grid Corp. On the BSE Sensex heatmap, Larsen & Toubro led the performers with a 0.94 percent increase. Following closely, Axis Bank advanced 0.90 percent, Mahindra & Mahindra gained 0.84 percent, and Power Grid rose 0.66 percent to capture the second, third, and fourth spots respectively. State Bank of India also advanced 0.58 percent, accompanied by a 0.54 percent increase in Bajaj Finance.

## Technology Counters Face Steep Selling Pressure
Despite the broader market optimism, information technology stocks encountered pronounced selling from the opening bell, dragging down the tech benchmark. Shares of Infosys declined by 1.45 percent to ₹994.50. Market peer Tata Consultancy Services dropped 1.39 percent to touch ₹2,048.20. Tech Mahindra also witnessed selling interest, shedding 0.99 percent to trade at ₹1,530.75. Furthermore, soft sentiment persisted in Wipro as well as state-run explorer Oil and Natural Gas Corporation, with both trading under pressure in negative territory.

## Sectoral Breakdown Across Industries
Sectoral indices showcased a sharp divergence between technology weakness and financial resilience. The Nifty IT index took a significant beating, slipping 1.41 percent. In contrast, defensive buying emerged in the banking space, where the Nifty Bank index moved up 0.26 percent, and the Nifty Realty index gained 0.35 percent, successfully preventing headline indices from falling back into the red. Support was further bolstered by public sector lenders, as the Nifty PSU Bank index held onto a 0.19 percent gain.

## What this means for you
Early stabilisation provides short-term relief to retail traders navigating volatile swings across benchmark indices.

- **For Retail Investors:** The morning rebound signals that the 23,080 mark is acting as an immediate support floor for the Nifty. Long-term investors can evaluate systematic accumulation in steady performers across the auto and banking spaces.
- **For IT Stock Holders:** Ongoing declines across Infosys and TCS may continue to dampen portfolio returns in the near term. A patient approach is advisable until technology counters find steady consolidation levels.
- **For Intraday Traders:** Divergent trends between software firms and financial counters point towards range-bound market behavior. Strict adherence to predetermined stop-loss levels remains crucial across active trades.
- **For Realty and PSU Bank Followers:** Sustained resilience in property and state-run banking stocks reflects positive underlying sector flows. Momentum traders may find tactical swing opportunities in these outperforming pockets.

## Why this happened
The modest morning bounce was triggered by value hunting at lower price bands following substantial selling in the previous session.

- **Dip Buying Across Key Names:** Steep corrections in the preceding trading session brought frontline stock valuations to attractive levels. Institutional and retail participants stepped in to accumulate shares in capital goods and banking leaders.
- **Strength in Lenders and Automakers:** Meaningful buying across Axis Bank, State Bank of India, and Mahindra & Mahindra anchored the benchmark indices. This resilience neutralized broader market weakness and kept headline indicators positive.
- **Countervailing Drag from Tech Exporters:** Widespread profit booking across technology heavyweights like Infosys and TCS capped index gains. Persistent caution surrounding global tech demand restrained the morning rally.

## Questions & Answers

### 1. What were the opening levels for the Sensex and Nifty?
The Sensex opened up 98.66 points at 73,679.20, while the Nifty climbed 21.55 points to trade at 23,084.65.

### 2. Which stocks emerged as the top gainers on the Sensex?
Larsen & Toubro led the index with a 0.94 percent rise, followed by Axis Bank, Mahindra & Mahindra, and Power Grid.

### 3. Which major shares experienced the sharpest declines?
Infosys declined 1.45 percent to ₹994.50 and TCS dropped 1.39 percent to ₹2,048.20, alongside losses in Tech Mahindra.

### 4. What was the market breadth during the morning deals?
Around 1,090 stocks registered advances, 781 shares traded in the red, and 155 stocks remained unchanged.

### 5. How did the sectoral indices perform during opening trade?
Nifty Realty gained 0.35 percent and Nifty Bank rose 0.26 percent, whereas Nifty IT tumbled 1.41 percent.

---
_TrendKia — Har trend, sabse pehle.. Machine-readable view; canonical HTML at the URL above._