July 9: Indian equity markets opened on a positive note on Thursday, with benchmark indices recovering from the previous session’s decline as investors returned to buy stocks at attractive valuations. The gains reflected improved risk appetite in early trading, although caution persisted amid renewed geopolitical tensions.
Most sectoral indices traded in positive territory, led by gains in pharma and healthcare stocks, while IT shares remained subdued ahead of the quarterly earnings season. Investors continued to monitor developments in global crude oil prices and broader macroeconomic trends, which are expected to influence market sentiment in the coming sessions.
Market participants are also focusing on the upcoming corporate earnings announcements for further cues on the strength of the economic recovery and the outlook for Indian equities.