Stock Market Opening (Image Source: Times Now Digital)
New Delhi: Amid the domestic stocks continued to rise and positive global and local factors, the Stock Market opened flat today. In the early trade, the equity market has kept its winning streak. The BSE Sensex is up by points to trade at, while NSE Nifty is trading at 26,248.25, up by 32.20 points.
Stock Market On Last Trading Session
Meanwhile, India’s benchmark index, BSE Sensex, surged by 666 points on Thursday, closing at a new high thanks to strong gains in auto and banking stocks. On the day of the monthly derivatives expiry, the BSE Sensex rose by 0.78, finishing at 85,836.12. The Nifty 50 index also gained 212 points, or 0.8 per cent, closing at 26,216.
Global Market Cues
Most stock markets in the Asia-Pacific region also saw gains, led by a strong performance in Chinese stocks. Hong Kong’s Hang Seng index surged by 2.43 per cent, while the Shanghai Composite was up by 1.3 per cent. Japan’s Nikkei 225 rose 0.33 per cent, though the broader Topix index dipped slightly by 0.23 per cent. In South Korea, the Kospi slipped by 0.07 per cent, and the smaller Kosdaq fell 0.15 per cent. On the other hand, Australia’s S&P/ASX 200 recorded a modest gain of 0.06 per cent.
Auto Stocks
The latest rally was fueled by auto stocks, as reports suggested that Karnataka is offering incentives for clean mobility, including significant tax cuts for hybrid vehicles. Mahindra & Mahindra saw its shares rise by 2.9 per cent, Maruti Suzuki gained 4.8 per cent, and Tata Motors jumped 3.08 per cent.
GIFT Nifty
At 8:35 AM, GIFT Nifty futures were trading at 26,350, about 40 points higher than Nifty futures’ last close.
BSE’s Listed Mcap
The total market value of BSE-listed companies increased by Rs 1.9 trillion, ending the session at Rs 477 trillion. The Nifty has finished with gains in almost every session this month, except for six days.
