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Sensex Today: Indian markets opened on a positive note on Thursday
Sensex Today (Source: Freepik)
Sensex Today: Indian stock markets opened on a positive note on Thursday, reflecting cautious optimism amid reports that India and the US may soon finalise a trade agreement, potentially sidestepping tariffs proposed by US President Donald Trump.
In early trade, the BSE Sensex rose 203 points, or 0.24 per cent, to 83,612, while the NSE Nifty50 advanced 55 points, or 0.22 per cent, to trade near 25,509.
Leading the gains on the Sensex were Asian Paints, Eternal, Tata Steel, Mahindra & Mahindra, Infosys, ICICI Bank, Tech Mahindra, and Maruti Suzuki. On the flip side, Bajaj Finance, Bajaj Finserv, Kotak Mahindra Bank, Trent, Bharat Electronics (BEL), and Titan were among the major laggards.
In the broader markets, both the Nifty MidCap and Nifty SmallCap indices edged up by 0.3 per cent, reflecting strength across segments.
Sector-wise, Nifty IT and Nifty Metal indices led the rally with gains of 0.6 per cent each, driven by strong global cues and sector-specific triggers. However, the Nifty PSU Bank index underperformed, slipping 0.54 per cent in early trade.
Global Cues
On the global front, Asian markets traded mixed in early Thursday deals. Investors appeared cautious after US President Donald Trump announced a new trade deal with Vietnam. According to a post on Truth Social, the United States will impose a 20% tariff on Vietnamese imports, while Vietnam will eliminate tariffs on US goods. The announcement comes just ahead of the end of Trump’s 90-day tariff reprieve, creating some uncertainty in regional trade dynamics.
Among Asian indices, Japan’s Nikkei was flat with a slight positive tilt after an early dip, while the Topix slipped 0.12%. South Korea’s Kospi gained 0.85%, whereas Australia’s ASX 200 declined 0.42%, reflecting a mixed regional performance.
Meanwhile, US stock futures remained largely flat ahead of the crucial June jobs report. On Wednesday, the Nasdaq Composite surged 0.94% to close at a record 20,393.13, and the S&P 500 also hit a fresh intraday high before ending at a new all-time closing level. However, the Dow Jones Industrial Average edged lower by 10.52 points, or 0.02%, closing at 44,484.42.
The market’s focus will remain on macroeconomic data, trade developments, and cues from Wall Street, which could influence intraday trends on Dalal Street.
Aparna Deb is a Subeditor and writes for the business vertical of News18.com. She has a nose for news that matters. She is inquisitive and curious about things. Among other things, financial markets, economy, a…Read More
Aparna Deb is a Subeditor and writes for the business vertical of News18.com. She has a nose for news that matters. She is inquisitive and curious about things. Among other things, financial markets, economy, a… Read More
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