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Indian stock markets opened on a positive note today, supported by mixed global cues and a lack of strong domestic triggers
Sensex Today (Source: Freepik)
Sensex Today: Indian equity benchmarks were trading with strong gains in afternoon trade, supported by buying interest in IT and FMCG stocks. As of 12:45 PM, the BSE Sensex was up 845.5 points, or 1.04 per cent, at 81,797, while the Nifty50 advanced 271 points, or 1.1 per cent, to 24,880.
Key Gainers and Laggards
Leading the gains on the Sensex were Zomato (Eternal), ITC, Power Grid, Infosys, HCL Tech, Tech Mahindra, Adani Ports, Nestle India, Bajaj Finserv, Kotak Mahindra Bank, and Ultratech Cement. On the flip side, Sun Pharma was the top laggard, falling nearly 3 per cent.
Broader Market Performance
In the broader markets, sentiment remained upbeat. The Nifty MidCap index rose 0.59 per cent, while the Nifty SmallCap index climbed 0.82 per cent.
Sectoral Highlights
Among sectoral indices, the Nifty FMCG and Nifty IT indices were each up more than 1 per cent, reflecting strong demand in defensives and tech. The Nifty Bank index gained 0.64 per cent, while the Nifty Auto index edged up 0.19 per cent. In contrast, the Nifty Pharma index declined by 0.65 per cent, weighed down by weakness in select healthcare stocks.
Global Cues
Asia-Pacific markets edged higher on Friday as investors evaluated a wave of economic indicators from across the region.
Last checked, Nikkei was up 0.80 per cent, while the broader Topix index rose 0.71 per cent. The Kospi advanced 0.12 per cent and ASX 200 inched up 0.36 per cent.
Japan’s core inflation accelerated to 3.5 per cent in April, driven in part by soaring rice prices, according to government data released Friday.
The data adds complexity to the Bank of Japan’s current approach, as it weighs a potential pause in rate hikes amid ongoing US tariff impacts. Investors also reviewed South Korea’s Producer Price Index (PPI) figures for April and retail sales data from New Zealand for the first quarter.
Additional regional data is expected later in the day, including April inflation figures from Singapore and Taiwan’s industrial production results.
On Thursday, US markets closed mixed as concerns over rising interest rates and an expanding federal deficit weighed on sentiment. The 30-year Treasury yield climbed to its highest level since 2023 following the passage of a bill that markets worry could exacerbate the US fiscal deficit.
The Dow Jones dipped 1.35 points to close at 41,859.09. The S&P 500 slipped 0.04 per cent to 5,842.01, while the Nasdaq Composite rose 0.28 per cent, finishing at 18,925.73.
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