Image is for representative purposes only | Photo by Paul Noronha
Stock benchmark indices Sensex and Nifty rose in the third session, supported by gains in global markets as lower-than-expected US consumer inflation raised expectations for further interest rate cuts by the Federal Reserve. It skyrocketed.
The 30-share BSE index rose 318.74 points or 0.42% to 77,042.82, returning to the 77,000 level. During the day, it rose 595.42 points (0.77%) to 77,319.50.
On a similar line, NSE Nifty rose 98.60 points or 0.42 per cent to 23,311.80.
“Benchmark indices remained in positive territory, albeit away from their highs, driven by positive investor sentiment as moderate inflation data from the US raised expectations for a possible rate cut by the Federal Reserve. I continued to do so.”
“Furthermore, favorable developments in the Israel-Hamas ceasefire and a decline in the trade deficit further boosted market gains. However, weak economic growth data from the UK dampened this optimism somewhat.” Research Director Geojit Financial Services said Mr. Vinod Nehru. Said.
Among the 30 blue chips, Adani Ports, State Bank of India, Bajaj Finserv, Bharti Airtel, Tata Motors, IndusInd Bank, NTPC, Maruti, Reliance Industries and Axis Bank were the biggest gainers. Ta.
In contrast, HCL Tech, Nestle, Infosys, Hindustan Unilever, ITC and Tata Consultancy Services were laggards.
In Asian markets, Seoul, Tokyo, Shanghai, and Hong Kong have settled into positive territory.
European stock markets rose. The US market rebounded on Wednesday (January 15, 2025).
Foreign institutional investors (FIIs) offloaded shares worth Rs 4,533.49 crore on Wednesday (January 15, 2025), according to exchange data.
Brent crude, the global oil benchmark, fell 0.18% to $81.88 per barrel.
In the last session, the BSE benchmark rose 224.45 points or 0.29% to settle at 76,724.08 on Wednesday (January 15, 2025). Nifty rose 37.15 points or 0.16% to 23,213.20.
issued – January 16, 2025 5:13 PM IST
