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Sensex, Nifty Start Flat After Fed Pause as IT Stocks Cushion the Market
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Benchmark indices traded on a muted note on Thursday as investors weighed the US Federal Reserve's latest policy decision and its hawkish commentary, while gains in information technology stocks helped limit losses across the broader…
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Sensex, Nifty Start Flat After Fed Pause as IT Stocks Cushion the Market
Benchmark indices traded on a muted note on Thursday as investors weighed the US Federal Reserve's latest policy decision and its hawkish commentary, while gains in information technology stocks helped limit losses across the broader market. According to India Today, the BSE Sensex was up 15.96 points, or 0.02%, at 77,670.56, while the NSE Nifty50 gained 22.25 points, or 0.09%, to trade at 24,272.45. The rally came as investors across the region exited technology and semiconductor stocks amid growing concerns about the global AI investment boom. The Indian stock market has been volatile in recent weeks, with investors weighing the impact of global events on the domestic market. The gains in information technology stocks helped limit losses across the broader market, with the BSE Sensex and NSE Nifty50 trading on a muted note.
Sensex, Nifty Rally Over 1% as IT Stocks Drive Broad-Based Market Gains
India's key stock gauges advanced more than 1% on Wednesday, driven by broad-based market gains in IT stocks. The Nifty rose 264 points to close at 24,250, while the Sensex rose 888 points to 77,654. The gains were led by IT stocks, which saw significant buying activity. The market's rally was also driven by expectations that the recent sharp selloff in South Korea's SK Hynix and Samsung could trigger a rotation of overseas fund flows into locally listed technology companies.
Stocks Buck Asian Rout as Sensex and Nifty Rally Despite Technology Market Turmoil
The Indian stock market has bucked the Asian rout, with the Sensex and Nifty indices rallying despite technology market turmoil. The Sensex and Nifty indices have gained over 1% in the past two days, despite concerns over the technology sector. The rally has been driven by gains in the banking and finance sectors, which have offset losses in the technology sector. The Sensex and Nifty indices have been volatile in recent days, with the indices experiencing sharp gains and losses. However, the rally in the past two days has been a significant positive for the Indian stock market.
Stocks buck Asian rout as Sensex and Nifty rally despite technology market turmoil
Stocks buck Asian rout as Sensex and Nifty rally despite technology market turmoil.
BSE Sensex Closes Over 880 Points Up; Nifty50 Settles at 24,250 as IT Stocks Rally
The BSE Sensex closed over 880 points up, supported by gains in IT stocks, HDFC Bank, and renewed buying by foreign investors. The Nifty50 settled at 24,250. The Sensex climbed 888.68 points, or 1.16%, to finish at 77,654.60. The Nifty50 also closed 1.16% higher at 24,250. The gains were led by IT stocks, which saw a strong recovery in trade. The sector was supported by gains in HDFC Bank and renewed buying by foreign investors. The Sensex had risen as much as 999.57 points, or 1.30%, during the day. The Nifty50 had also risen 1.30% during the day. The gains were a welcome relief for investors, who had been worried about the recent decline in the market.
Sensex, Nifty Rally as Iran Tensions Ease; IT Stocks Lead
Indian equity benchmarks Sensex and Nifty extended their gains after the morning session on Wednesday, building on a firm start as IT stocks extended their optimism from the previous session. The Sensex was trading at 77,591.72, up 825.80 points or 1.08 per cent, while the Nifty 50 climbed 237.35 points or 0.99 per cent to 24,222.70 as of 11:40 am. The rally was led by IT stocks, which extended their gains from the previous session.
Sources
- Via India Todayindiatoday.in
- Via economictimes.indiatimes.comeconomictimes.indiatimes.com
- Via economictimes.comm.economictimes.com
- Via Telegraph Indiatelegraphindia.com
- Via The Times of Indiatimesofindia.indiatimes.com
- Via Moneycontrol.commoneycontrol.com
- Via Rediff MoneyWizmoney.rediff.com
- Via Fortune Indiafortuneindia.com
- Via HDFC Skyhdfcsky.com
- Via Dalal Street Investment Journalinsights.dsij.in
- Via Moneycontrol.commoneycontrol.com
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