Benchmark Indian equity indices BSE Sensex and Nifty50 were marginally higher on Thursday
Stock Market Today: Indian equity indices, the BSE Sensex and Nifty50, opened higher on Thursday, supported by strong global cues and a mostly positive trend in Asian markets.
At the opening, the BSE Sensex was up by 238.27 points, or 0.30%, at 78,711, while the Nifty50 gained 56.45 points, or 0.24%, reaching 23,784.10.
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Global Cues
Markets in the Asia-Pacific region were mostly higher on Thursday, although the Australian, New Zealand, and Hong Kong markets were closed for Boxing Day.
Japan’s Nikkei 225 gained 0.42%, while the Topix rose by 0.51%, following reports that Japan is preparing a record $735 billion budget for the new fiscal year starting in April.
South Korea’s Kospi edged up by 0.17%, while the Kosdaq declined by 0.11%.
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In mainland China, the CSI 300 fell by 0.15%, and the Shanghai Composite slipped by 0.12%.
On Tuesday, Wall Street capped a global share rally in light trading due to early market closures on Christmas Eve. The dollar strengthened amid higher Treasury yields and speculation that the Federal Reserve would slow its easing in 2025.
The Dow Jones Industrial Average finished 0.91% higher, the S&P 500 rose 1.1%, and the Nasdaq Composite climbed 1.35%.
Most financial centers were closed on Wednesday for Christmas, with the US reopening on Thursday, while many other markets had a second day off.
MSCI’s global stock index rose by more than 0.5%. The pan-European STOXX 600 index increased by 0.18%, with the FTSE 100 in Britain rising 0.19% and France’s CAC 40 gaining 0.14%. German markets were closed for the holiday.
On Tuesday, Chinese stocks saw a rise after Reuters reported that Beijing plans to issue a record amount of special treasury bonds next year as part of its fiscal stimulus to revive a struggling economy. The CSI 300 blue-chip index and the Shanghai Composite Index both gained 1.3%, while Hong Kong’s Hang Seng Index advanced by 1.1%.
