Sensex Gains 123 Points, Nifty At 25,005; Oil & Gas, Bank Shares Shine
Indian equities opened on a muted note on Thursday, tracking mixed global cues
Sensex Today: Indian equity benchmarks ended Thursday’s session with modest gains, supported by buying in banking and oil & gas stocks. The BSE Sensex rose 123.58 points, or 0.15 per cent, to close at 81,548.73, while the NSE Nifty50 settled 32.40 points, or 0.13 per cent, higher at 25,005.50.
On the Sensex, NTPC, Axis Bank, Eterna, Power Grid, and Bharti Airtel emerged as the top gainers, advancing up to 1.60 per cent. In contrast, Infosys, Titan Company, UltraTech Cement, Hindustan Unilever, and BEL were the leading laggards, slipping as much as 1.35 per cent.
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In the broader markets, the Nifty Midcap 100 edged up 0.12 per cent, while the Nifty Smallcap 100 added 0.03 per cent.
Global Cues
In Asia, markets traded mixed as investors assessed China’s August inflation print. Mainland China’s CSI 300 edged up 0.13%, while Hong Kong’s Hang Seng slipped 1%. Consumer prices in China fell 0.4% year-on-year in August, steeper than the 0.2% drop forecast by economists polled by Reuters. The producer price index also declined 2.9% Y-o-Y, though easing from a 3.6% fall in July.
Elsewhere, South Korea’s KOSPI gained 0.57% after hitting a record high, and Japan’s Nikkei climbed 0.61%.
On Wall Street, the S&P 500 closed at a record high, rising 0.3% on the back of a 36% surge in Oracle shares after strong cloud guidance. The Nasdaq ended marginally higher, while the Dow Jones fell 0.48%.
Investors in the US now await the release of August CPI data and weekly jobless claims, both of which are expected to provide fresh cues on the Federal Reserve’s policy outlook ahead of next week’s rate decision.
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