Indian Markets Open Higher; Sensex Up 216 Points, Nifty Crosses 24,800
Indian equities opened on a positive note on Monday, driven by gains in JSW Steel, Tata Steel, Tata Motors, M&M, Wipro, Adani Enterprises, and Eicher Motors.
The BSE Sensex rose 216 points (0.27%) to 80,926, while the Nifty50 climbed 61 points (0.25%) to 24,802. Broader markets also advanced, with the Nifty MidCap up 0.4% and the Nifty SmallCap rising 0.35%.
Sectoral trends:
Nifty Metal led the rally, up 1.25%
Nifty Auto rose 0.75%
Nifty Realty gained 0.77%
Nifty Pharma slipped 0.4%
Global cues: Asian markets opened higher as investors awaited Japan’s final Q2 GDP figures and China’s August trade data, while digesting the weekend resignation of Japan’s PM Shigeru Ishiba. Japan’s Nikkei 225 rose 1.7%, and South Korea’s KOSPI gained 0.21%.
On Wall Street, US equities ended lower on Friday, September 8, after a weaker-than-expected jobs report raised concerns over economic recovery. The S&P 500 fell 0.32%, the Dow Jones dropped 0.48%, and the Nasdaq slipped 0.03%.
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