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Indian equity markets are expected to open on a positive note on Thursday, June 26
Sensex Today (Source: Freepik)
Sensex Today: Indian benchmark indices—BSE Sensex and NSE Nifty50—opened on a flat note with a mild positive bias on Friday, supported by buying in select auto, telecom, and metal stocks.
The Sensex rose 92 points or 0.11% to trade at 82,848, while the Nifty50 gained 52 points or 0.21% to reach 25,297 in early trade.
Among the top movers were BEL, Bharti Airtel, Eternal, Tata Motors, Tata Steel, Maruti Suzuki, and Mahindra & Mahindra, providing support to the market.
In the broader market, the Nifty MidCap index edged 0.18% higher, while the Nifty SmallCap index climbed 0.46%, indicating continued investor interest beyond frontline stocks.
RBI Flags Resilient Economy, Liquidity Boost Incoming
India’s economy continues to show resilience despite global headwinds, according to the Reserve Bank of India’s latest ‘State of the Economy’ report. The central bank highlighted that a 100 basis point cut in the repo rate to 5.5 per cent since February, along with a phased 100 bps reduction in the Cash Reserve Ratio (CRR) from September 6, will inject around Rs 2.5 trillion into the system. This is expected to ease funding costs and improve credit transmission in the broader economy.
Global cues
Asia-Pacific markets opened on a mixed note Thursday, with investors keeping a close watch on the ongoing ceasefire developments between Israel and Iran. Last checked, Nikkei was up 0.98 per cent, while the broader Topix popped 0.48 per cent. The Kospi slipped 0.51 per cent, and aASX 200 was down 0.11 per cent.
US stock futures were largely unchanged. S&P 500, Nasdaq 100, and Dow Jones Industrial Average futures all hovered near the flatline.
On Capitol Hill, Federal Reserve Chair Jerome Powell maintained a cautious tone on inflation and tariffs during his second day of testimony. While not committing to a timeline for interest rate cuts, Powell reiterated that rate reductions could be considered if inflation proves to be transitory — a stance he also took during his earlier testimony before the House Financial Services Committee. This comes amid mounting pressure from President Donald Trump for the Fed to ease rates.
Overnight in the US, equities saw modest moves. The S&P 500 ended just below the flatline at 6,092.16 as investors assessed its chances of revisiting record highs. The Nasdaq Composite gained 0.31 per cent to close at 19,973.55, while the Dow Jones Industrial Average slipped 0.25 per cent to settle at 42,982.43.
Investors now await US Q1 GDP price index final figures, along with jobless claims data.
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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