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Stock Market Updates: Sensex Rises Over 300 pts, Nifty Above 16,100; IndiGo Jumps 6%

The Sensex and Nifty opened in the green in Thursday’s session on a higher note following a rally in US markets overnight. At 09:16 IST, the Sensex was up 315.56 points or 0.59 per cent at 54064.82, and the Nifty was up 91.10 points or 0.57 Per cent at 16116.90. About 1160 shares have advanced, 499 shares declined, and 77 shares are unchanged.

Among the Sensex-30 shares, Tata Steel, ICICI Bank, Wipro, Axis Bank, HDFC Bank, TCS, PowerGrid, IndusInd Bank , HCL Tech and SBI were the top gainers, gaining up to 1 per cent. HUL, Bharti Airtel, NTPC, M&M and L&T, meanwhile, were the top losers.

Global Cues

Stocks ended broadly higher on Wall Street Wednesday after minutes from the Federal Reserve’s most recent meeting signaled the central bank intends to move “expeditiously” to raise interest rates back to more neutral levels in its fight to tame inflation. The S&P 500 rose 0.9 per cent, while the Dow Jones Industrial Average rose 0.6 per cent. The Nasdaq climbed 1.5 per cent. The indexes, which recovered after being in the red in the early going, are on pace for a weekly gain, despite more up-and-down trading this week.

Tokyo stocks opened higher on Thursday following gains on Wall Street, despite ongoing worries over inflationary pressure due to the war in Ukraine. The benchmark Nikkei 225 index added 0.14 per cent or 36.94 points to 26,714.74, while the broader Topix index rose 0.45 per cent, or 8.43 points, to 1,885.01. The dollar stood at 127.30 yen, nearly flat from 127.26 yen on Wednesday in New York.

Hong Kong stocks opened on the front foot Thursday morning following a positive lead from Wall Street fuelled by an easing of fears about the Federal Reserve’s interest rate hike plans. The Hang Seng Index rose 0.50 per cent, or 100.95 points, to 20,272.22. The Shanghai Composite Index edged up 0.13 per cent, or 4.02 points, to 3,111.48, while the Shenzhen Composite Index on China’s second exchange added 014 per cent, or 2.69 points, to 1,947.57.

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Source: News18