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Sensex Today: GIFT Nifty hints at flat open; Asian markets rise
Sensex Today
Sensex Today: Indian benchmark equity indices ended higher on Wednesday, snapping a three-day losing streak. This rebound was supported by a global equities rally driven by optimism over US-China trade talks, expectations of rate cuts by the RBI’s Monetary Policy Committee on Friday, and stronger-than-expected US labour market data.
After touching an intraday high of 81,087.29, the Sensex closed at 80,998.25, up 260.4 points or 0.32 per cent. The Nifty50 settled at 24,620, gaining 77.7 points or 0.32 per cent.
In the broader markets, the Nifty Midcap100 and Nifty Smallcap100 indices rose by 0.71 per cent and 0.79 per cent, respectively.
On the sectoral front, except for Nifty Realty, all sectoral indices on the NSE finished in the green. Gains were led by Nifty Oil & Gas, Metal, and Energy indices, which rose by 0.67 per cent, 0.6 per cent, and 0.52 per cent, respectively.
Among the Sensex constituents, 19 out of 30 stocks ended higher, with top performers including Eternal, IndusInd Bank, Bharti Airtel, Tech Mahindra, Reliance Industries, Tata Motors, and Tata Steel, which gained up to 3.2 per cent. Meanwhile, Bajaj Finserv, Axis Bank, TCS, Titan, L&T, and HCL Tech were among the 11 laggards, declining up to 1.7 per cent.
The India VIX, which measures market volatility, fell by 4.9 per cent to settle at 15.74 points.
Global Cues
Asian markets advanced on Wednesday, mirroring Wall Street’s overnight rally driven by gains in tech stocks, especially chipmakers like Nvidia.
Nvidia jumped nearly 3 per cent, extending Monday’s rally and briefly surpassing Microsoft to become the world’s most valuable company by market capitalisation. Other semiconductor stocks also moved higher, with Broadcom and Micron Technology gaining over 3 per cent and 4 per cent, respectively.
South Korea’s Kospi surged 1.85 per cent to a 10-month high as markets reopened after opposition leader Lee Jae-myung’s presidential election victory. Japan’s Nikkei rose 0.94 per cent, and Topix was up 0.43 per cent.
Australia’s ASX200 gained 0.70 per cent ahead of the release of Q1 GDP data. Economists polled by Reuters expect a 1.5 per cent year-on-year expansion, compared to 1.3 per cent in the previous quarter.
Meanwhile, US futures traded flat after Tuesday’s gains, buoyed by solid economic data and optimism in the tech sector. The S&P 500 advanced 0.58 per cent, the Dow Jones added 0.51 per cent, and the Nasdaq climbed 0.81 per cent, reflecting a resilient labour market despite concerns about tariffs.
Aparna Deb is a Subeditor and writes for the business vertical of News18.com. She has a nose for news that matters. She is inquisitive and curious about things. Among other things, financial markets, economy, a…Read More
Aparna Deb is a Subeditor and writes for the business vertical of News18.com. She has a nose for news that matters. She is inquisitive and curious about things. Among other things, financial markets, economy, a… Read More
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