Stock Market Updates: GIFT Nifty Indicates Positive Opening for Sensex and Nifty
Stock Market Updates: Sensex Gains 314 Points, Nifty Hits 24,869 as Infosys Jumps 5%
Stock Market Updates show Indian equities closing higher on Tuesday, driven by strong gains in IT stocks, especially Infosys, which surged after announcing that its board will consider a share buyback on September 11.
The BSE Sensex maintained an upward trend throughout the session and ended 314 points (0.4%) higher at 81,101, while the NSE Nifty50 advanced 95 points to settle at 24,869.
Infosys emerged as the top performer among the Sensex 30 stocks, rallying 5% to ₹1,504. The IT giant alone contributed 217 points to the benchmark index’s rise.
Global Cues: Asian Markets Mixed, Wall Street Gains, Gold Surges Past $3,600
Asian markets displayed a mixed trend on Wednesday. Mainland China’s CSI 300 slipped 0.19%, while Hong Kong’s Hang Seng gained 0.3% and South Korea’s KOSPI added 0.49%. Meanwhile, Japan’s Nikkei 225 surged 0.9% to a fresh record high, marking its second consecutive day of gains after Prime Minister Shigeru Ishiba announced his resignation on Sunday.
Overnight, Wall Street indices closed higher, supported by strong buying in technology stocks. The Nasdaq Composite hit a new record, ending 0.45% higher. In addition, the Dow Jones gained 0.25%, and the S&P 500 added 0.21%. Optimism grew among U.S. investors as expectations increased that the Federal Reserve could cut interest rates at its meeting next week.
On the commodities front, gold extended its rally beyond the $3,600 mark for the first time on Monday, signaling strong investor demand for safe-haven assets.