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Indian stock markets are likely to be influenced today by a combination of domestic and global factors
Stock Market Today
Sensex Today: Indian benchmark indices recouped early losses and were trading higher on Thursday, buoyed by selective buying across sectors despite mixed global signals.
As of 11:00 AM, the BSE Sensex was up 299.27 points (0.37%) at 81,629.83, while the Nifty50 advanced 97.60 points (0.40%) to trade at 24,764.50.
On the BSE Sensex, 20 of the 30 constituent stocks were in the green. Tata Motors led the gains with a rise of 2.15%, followed by Adani Ports, Tata Steel, UltraTech Cement, and Eternal. Among the laggards, IndusInd Bank fell 1.29%, along with Power Grid, NTPC, Infosys, and Kotak Mahindra Bank.
Within the Nifty50, 28 stocks were trading higher. Hero MotoCorp surged 4.07%, topping the gainers’ list, followed by JSW Steel, Shriram Finance, Tata Motors, and Adani Enterprises. On the downside, Power Grid slipped 1.30%, with other notable losers including IndusInd Bank, Cipla, NTPC, and Eicher Motors.
Across sectors, the Nifty IT index was the biggest drag, down 0.55%, followed by declines in PSU Bank, Bank, Financial Services, and FMCG indices. On the flip side, the Metal index rose 1.08%, with Media and Auto also showing strength.
In the broader market, the Nifty Midcap 100 edged up 0.13%, while the Nifty Smallcap 100 gained 0.28%.
Global Cues
Across the Asia-Pacific region, markets were largely trading in the red due to muted global cues. Japan’s Nikkei 225 fell 1.09%, while the Topix slipped 1.04%. In South Korea, the Kospi was down 0.24%, and the Kosdaq dropped 0.66%. Australia’s S&P/ASX 200 saw a marginal decline of 0.07%, while Hong Kong’s Hang Seng index retreated 0.5%. China’s CSI 300 also fell, down 0.93%.
Overnight in the US, equity indices ended mixed. The S&P 500 rose 0.10% to close at 5,892.58, and the Nasdaq Composite climbed 0.72% to settle at 19,146.81. However, the Dow Jones Industrial Average slipped 0.21% to finish at 42,051.06.
US stock futures were also trading lower in early Asian hours. S&P 500 futures were down 0.19%, Dow Jones futures declined 0.39%, and Nasdaq futures fell 0.11%, indicating a cautious start ahead of Powell’s remarks.
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