Synopsis: Indian markets opened higher on Wednesday with Sensex gaining 500 points and Nifty climbing above 24,700. Strong domestic cues and mixed global trends supported investor sentiment.
Indian benchmark indices started the day on a bullish note, gaining significant ground in early trade. The BSE Sensex surged over 500 points, while the Nifty 50 crossed the key 24,700 level, led by gains in heavyweights like Bharti Airtel and Tata Steel, both up over 2%.
At the opening bell, the Sensex jumped 160.47 points (0.20%) to 81,308.69, and the Nifty50 rose 59.40 points (0.24%) to 24,637.75. As the session progressed, bullish momentum continued with GIFT Nifty futures trading nearly 100 points higher than the previous close, signaling sustained strength in the market.
Back on the domestic front, investors cheered the latest retail inflation figures, which eased to 3.16% in April from 3.34% in March. Market watchers now await wholesale inflation data, set to be released later today, and are closely tracking ongoing Q4 earnings, MSCI index adjustments, and FII activity.
Global market cues remained mixed. In Asia, Hang Seng futures jumped 1.1%, indicating optimism in Hong Kong, while Japan’s Nikkei 225 and Topix indices showed mild losses. Australia’s ASX 200 was flat, and Euro Stoxx 50 futures inched down 0.2%, pointing to a subdued start for European markets. Meanwhile, S&P 500 futures were flat, suggesting a steady opening on Wall Street.
Overall, improved inflation data, combined with strong performances by frontline stocks and global resilience, contributed to the upbeat tone on Dalal Street.
Disclaimer: This article is for informational purposes only and does not constitute financial advice. Always consult a qualified financial advisor before making investment decisions.
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