Stock Market Updates: Sensex Gains 300 Points, Nifty Below 25,950; Metal Stocks Shine

Stock Market Updates: Sensex Gains 300 Points, Nifty Below 25,950; Metal Stocks Shine


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Indian equity benchmark indices, Sensex and Nifty, are expected to open on a flat note on Thursday

Sensex Today

Sensex Today: Indian stock markets staged a steady recovery by midday on Thursday, erasing early losses amid strong buying in index heavyweights such as ICICI Bank, Bharti Airtel, Tata Steel, and Asian Paints.

At 12:00 PM, the BSE Sensex was up 324.39 points (0.38%) at 84,783.11, while the NSE Nifty50 rose 97.95 points (0.37%) to 25,974.15.

Top gainers on the Sensex included Asian Paints, Tata Steel, Bajaj Finserv, Bharti Airtel, ICICI Bank, Adani Ports, SBI, L&T, UltraTech Cement, and Sun Pharma, advancing up to 4% on the BSE.

On the downside, Tata Motors CV, Eternal, Infosys, Tata Motors PV, HCL Tech, TCS, M&M, and Tech Mahindra were among the major laggards.

In the broader markets, the Nifty MidCap index inched up 0.24%, while the Nifty SmallCap index gained 0.08%.

Among sectoral indices, Nifty Metal and Nifty Realty led the rally, climbing 1.5% and 1.1%, respectively. Nifty Financial Services, Pharma, and PSU Bank indices also traded higher, rising between 0.3% and 0.4%.

Meanwhile, the Nifty Bank index hit a fresh record high of 58,609, reflecting continued strength in the banking space.

Global Cues

In Asia, markets traded higher following a choppy session on Wall Street. Investors continued to monitor developments in Washington amid growing optimism that the US government could reopen by the end of the week. Japan’s Nikkei 225 was up 0.4%, South Korea’s KOSPI gained 0.3%, while Hong Kong’s Hang Seng slipped 0.2%.

On Wall Street, major indices ended mixed on Wednesday as investors rotated out of high-valued technology stocks and focused on the possible resolution of the prolonged US government shutdown. The House of Representatives was preparing to vote on a temporary funding bill aimed at reopening the government, marking the potential end of the longest shutdown in US history.

Overnight, the S&P 500 ended flat with a slight positive bias, the Nasdaq Composite fell 0.26%, and the Dow Jones Industrial Average advanced 0.68%.

Aparna Deb

Aparna Deb

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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