Sensex Jumps 300 Points, Nifty Crosses 25,900; Infosys Gains 1%
The S&P BSE Sensex jumped 525.11 points to 85,006.92, while the NSE Nifty50 rose 147.50 points to 25,963.30 as of 9:45 am.
Benchmark indices rally over 500 points; Sensex hits 85,006, Nifty50 at 25,963
Indian equity markets opened on a strong note on Thursday, with investor sentiment boosted by news of a likely rate hike from the Bank of Japan (BoJ). The S&P BSE Sensex surged 525.11 points to 85,006.92, while the NSE Nifty50 rose 147.50 points to 25,963.30 as of 9:45 am.
Dr. VK Vijayakumar, Chief Investment Strategist at Geojit Investments, said that foreign institutional investors halting their selling over the past two days is a positive signal, but it does not indicate a sustained market direction.
“A lot will depend on the BoJ’s rate decision today. While a 25-basis-point hike is almost certain, the market is focusing on commentary regarding future rates. Any hawkish guidance could trigger concerns over the unwinding of the yen carry trade, potentially prompting further FII outflows from India,” he explained.
Meanwhile, cooling inflation in the US—November core inflation came in at 2.6%, below the 3% estimate—is supporting resilience in global equity markets, offering a positive backdrop for markets as 2025 comes to a close.
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