Sensex Today: Benchmarks Nifty50 and Sensex opened higher on Thursday, tracking buzzing Asian markets.
BSE Sensex soared 142 points or 0.18 per cent to 80,066.57 levels while Nifty50 rose 0.20 per cent or 50 points at 24,373.95.
Tata Steel, TCS, ICICI Bank were the top gainers while ITC, HDFC Bank and M&M were the top laggards on BSE.
Similarly, on NSE, TCS, Tata Steel, ICICI Bank were the top gainers while M&M, UltraTech Cement and HDFC Bank were the top laggards.
Broader markets were outperforming the benchmark indices. Nifty SmallCap soared 0.31 per cent while MidCap was trading 0.29 per cent higher.
Sectorally, Nifty IT led with a gain of 0.69 per cent, followed by Media (up 0.57 per cent).
“We expect the market to consolidate in the higher zone and any dip is a buying opportunity for long-term investors. Corporate earnings will start tomorrow with TCS first to announce numbers. Thus, the IT sector is expected to remain in focus,” said Siddhartha Khemka, Head – Retail Research, Motilal Oswal.
Global Cues
Japan’s Nikkei surged past the 42,000 mark for the first time to achieve a new record high. Other Asian markets also rose on the back of a rally in technology stocks and optimism around potential rate cuts.
The Nikkei was up 1 per cent, while Australia’s ASX200 gained 0.87 per cent and Korea’s Kospi rose 0.77 per cent.
Meanwhile, in the US markets, stocks closed higher in anticipation of inflation and jobless claims data. The Nasdaq led gains with a rise of 1.18 per cent, followed by the Dow Jones (up 1.09 per cent) and the S&P 500 (up 1.02 per cent).
Comments
0 comment