Stock Market Updates: Sensex Up Over 400 Points, Nifty Above 24,100; RIL, M&M Rise
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Indian benchmark equity indices BSE Sensex and Nifty50 were trading in the green on Monday
Sensex Today.
Sensex Today: Indian benchmark indices kicked off the week on a positive note, even as investor sentiment remained cautious due to ongoing tariff uncertainties, geopolitical tensions with Pakistan, and the earnings season.
At the opening, the BSE Sensex rose 161.80 points (0.20%) to 79,374.33, while the Nifty 50 gained 66.35 points (0.28%) to 24,105.70.
On the earnings front, UltraTech Cement, Adani Green Energy, and TVS Motor will report their Q4 results today. In the primary markets, Ather Energy’s much-anticipated IPO opens for subscription, drawing attention amid heightened activity in the SME segment. Investors are also awaiting the release of the Index of Industrial Production (IIP) data later today.
Global Cues
Wall Street ended the previous week on a positive note. The S&P 500 rose 0.74% to close at 5,525.21, while the Nasdaq Composite gained 1.26% to finish at 17,282.94. The Dow Jones Industrial Average edged up 0.05% to 40,113.50. However, US futures pointed lower, with Dow, S&P 500, and Nasdaq 100 futures down between 0.38% and 0.64%.
In Asia, markets opened mostly higher amid expectations of further stimulus measures from China to counteract trade tensions with the US Japan’s Nikkei 225 rose 0.67%, South Korea’s Kospi was up 0.25%, and Australia’s ASX 200 gained 0.77%. However, Hong Kong’s Hang Seng slipped 0.55%, and China’s CSI 300 was down 0.26%.
