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Benchmark equity indices BSE Sensex and Nifty50 opened with modest gains on Thursday, amid mixed global cues.
Stock Market Updates
Sensex Today: Benchmark equity indices BSE Sensex and Nifty50 were trading higher on Thursday, amid mixed global cues.
Around 12 PM, the BSE Sensex was higher by 532.44 points or 0.70 per cent, at 76,701.35, and the Nifty 50 was at 23,213.2, ahead by 167.95 points, or 0.73 per cent.
Macroeconomic data, including a lower retail inflation figure for January and industrial production data from India, along with a higher-than-expected inflation reading in the US, are likely to influence the markets today. Other factors, such as mixed global cues, December quarter results from Indian companies, the weekly Nifty F&O expiry, and continued selling by foreign institutional investors (FIIs), are also expected to play a role. Additionally, investors will be closely watching Prime Minister Narendra Modi’s first meeting with US President Donald Trump since his re-election.
Global Cues
US and European stock futures rallied on Thursday on optimism over prospects of a peace deal between Ukraine and Russia, offsetting a jump in Treasury yields as hot inflation threatens to close the door to any policy easing in the U.S. this year.
Global trade war fears persisted as U.S. President Donald Trump said he would impose reciprocal tariffs as soon as Wednesday evening on every country that charges duties on U.S. imports. Gold prices hovered not far from their record highs.
The Japanese yen was the biggest loser in the face of higher U.S. yields, while the euro has been helped by Trump’s phone calls with Russian President Vladimir Putin and Ukraine’s Volodymyr Zelenskiy, raising hopes that the years-long war could be nearing an end.
Oil prices dropped, having been down more than 2% overnight. Wall Street staged a late rally to end the day mixed.
