Domestic markets sprinted on Thursday, lifted by upbeat sentiment among global peers
Sensex Today: Domestic markets sprinted on Thursday, lifted by upbeat sentiment among global peers. The S&P BSE Sensex surged 306 points, or 0.4 per cent, to 73,293 levels, while the Nifty50 neared 22,300 mark at 22,290, up 90 points.
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Tech M rallied 2 per cent, and was leading the top gainers on the Sensex index. This was followed by Wipro, Bharti Airtel, HCL Tech, Infosys, M&M, ICICI Bank, and Tata Steel.
On the laggards front, Power Grid, Maruti Suzuki, Tata Motors, L&T, and NTPC fell the most.
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In the broader markets, the S&P BSE MidCap, and the SmallCap indices gained 0.44 per cent and 0.68 per cent, respectively.
Among sectors, all indices were in the green led by the Nifty IT index (up 1 per cent), and the Nifty Financial Services index (0.5 per cent).
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Global Cues
Asian stock markets experienced a rally on Thursday, propelled by Wall Street’s surge to record highs overnight. This surge followed a US inflation report showing milder-than-expected results, fueling expectations that the Federal Reserve may implement at least two rate cuts within the year.
Wall Street’s three major indexes notched record closes on Wednesday with the benchmark S&P 500 and the Nasdaq both advancing more than 1 per cent, after a smaller-than-expected rise in consumer inflation bolstered investors’ hopes for interest rate cuts by the Federal Reserve.
