Equity benchmark indices opened in green on Thursday tracking upbeat cues from the global markets
Sensex Today: Equity benchmark indices opened in green on Thursday tracking upbeat cues from the global markets. Overnight in the US, the Fed kept its interest rates unchanged and stuck on its promise of three rate cuts in the current calendar year. Markets across Asia Pacific rode high on the news.
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The BSE Sensex was up 500 points to 72,652, and the NSE Nifty50 gained 21 points to 21,839.
Shares of Nifty oil and gas were up 1.29 per cent in early trade, while Nifty Realty and Nifty FMCG gained 0.62 per cent and 0.48 per cent respectively in early trade.
Individual stocks such IndusInd Bank, Wipro, Tata Steel, Tata Motors, NTPC, Powergrid, Bharti Airtel and SBI were trading in green on the Sensex. On the flip side, AstraZeneca India and Indoco Remedies were among the top losers on BSE.
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The broader markets opened higher. The BSE MidCap and SmallCap indices were up by 1.4 per cent and 1.3 per cent respectively.
Global Cues
Asian shares bounced while gold prices and Japan’s Nikkei jumped to record highs on Thursday after the U.S. Federal Reserve indicated it would stick with plans for cutting interest rates.
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Tokyo stocks opened higher on Thursday, helped by a cheaper yen and US rallies after the Federal Reserve decided to keep interest rates unchanged.The benchmark Nikkei 225 index was up 1.30 percent, or 520.75 points, at 40,524.35 in early trade, while the broader Topix index added 1.20 percent, or 33.10 points, to 2,784.07.
Wall Street’s main stock indexes closed higher on Wednesday after the Federal Reserve eased investor jitters by keeping borrowing costs unchanged and reinforcing expectations that rates could be cut as many as three times this year.
