Indian benchmarks Nifty50 and Sensex opened higher today, tracking buzzing Asian markets
Sensex Today: Indian benchmarks Nifty50 and Sensex opened higher today, tracking buzzing Asian markets.
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“We expect the market to consolidate in the higher zone and any dip is a buying opportunity for long-term investors. Corporate earnings will start tomorrow with TCS first to announce numbers. Thus, the IT sector is expected to remain in focus,” said Siddhartha Khemka, Head – Retail Research, Motilal Oswal.
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Global Cues
Japan’s Nikkei surged past the 42,000 mark for the first time to achieve a new record high. Other Asian markets also rose on the back of a rally in technology stocks and optimism around potential rate cuts.
The Nikkei was up 1 per cent, while Australia’s ASX200 gained 0.87 per cent and Korea’s Kospi rose 0.77 per cent.
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Meanwhile, in the US markets, stocks closed higher in anticipation of inflation and jobless claims data. The Nasdaq led gains with a rise of 1.18 per cent, followed by the Dow Jones (up 1.09 per cent) and the S&P 500 (up 1.02 per cent).
