Sensex up by over 700 points, Nifty by 230 points
BBN Bureu
Mumbai: Equity benchmark indices opened in the green on Thursday, buoyed by positive cues from global markets. In the US, the Fed maintained its interest rates unchanged and reaffirmed its commitment to three rate cuts in the current calendar year, boosting market sentiment across the Asia Pacific region.
The BSE Sensex surged by over 700 points to 72,844, while the NSE Nifty50 climbed by 230 points to 22,071 levels.
Notable gains were observed in Nifty oil and gas stocks, which rose by 1.29 per cent, while Nifty Realty and Nifty FMCG gained 0.62 per cent and 0.48 per cent, respectively, in early trade. Conversely, Nifty Metal and Nifty PSU Bank soared by 2.21 per cent and 1.67 per cent, respectively.
Among individual stocks, IndusInd Bank, Wipro, Tata Steel, Tata Motors, NTPC, Powergrid, Bharti Airtel, and SBI were trading in the green on the Sensex. On the downside, Rainbow Children’s Hospital and KEI Industries were among the top losers on BSE.
In broader market activity, the BSE MidCap and SmallCap indices opened higher, gaining by 1.4 per cent and 1.3 per cent, respectively.
