Indian markets opened positive on Thursday and NSE Nifty managed to trade above 25,000 an important psychological level during the first 30 minutes of trade. Indian markets witnessed selling pressure from FIIs during the last week but we have witnessed recovery during the current week. If markets remain positive today, we could see further strength in the markets. The fundamentals for Indian stocks are quite positive despite a strong rally over the last few months.

Among major gainers in the early trades were Power Grid, L&T, Mahindra & Mahindra, Tata Steel and Coal India. Among major losers during the early trades were Trent, Adani Enterprises, Cipla, Infosys Technologies, ICICI Bank and Tech Mahindra. IT stocks were trading weak in today’s session.

Market sentiment has been optimistic but traders are cautious in case there is a deeper correction. Many market participants also suggest buying on dips as some blue-chip companies have witnessed a strong rally in the recent times and some decline could offer a good entry point.

Indian markets opened positive on Thursday with heavyweights supporting the major indices and NSE Nifty managed to trade above 25,000 levels during the first 30 minutes of the trading session. If the momentum continues, we could see higher levels for NSE in today’s session.