Stock Market Updates: Sensex Rises Over 350 Points, Nifty Above 24,950; Avanti Feeds Zooms 9% | Markets News

No Comments

Last Updated:

Indian benchmark indices Sensex and Nifty50 are set for a positive opening on Wednesday, tracking firm global cues

Sensex Today

Sensex Today

Sensex Today: Indian benchmark indices Sensex and Nifty50 are set for a positive opening on Wednesday, tracking firm global cues and upbeat comments from US President Donald Trump. In a series of posts on Truth Social, Trump said that India and the US are continuing negotiations to address “trade barriers” and added that he looks forward to speaking with Prime Minister Narendra Modi.

At last count, GIFT Nifty futures were trading 52 points higher at 25,002, indicating a green start for domestic equities.

Global Cues

Asian markets opened on a stronger note as investors awaited China’s August consumer price index (CPI) and producer price index (PPI) data. The CSI 300 in mainland China rose 0.27%, Hong Kong’s Hang Seng gained 0.39%, Japan’s Nikkei advanced 0.21%, while South Korea’s KOSPI jumped 1.3%.

On Wall Street, all three major US indices closed at record highs on optimism that the US Federal Reserve will cut interest rates at its meeting next week. The Dow Jones climbed 0.43%, the S&P 500 gained 0.27%, and the Nasdaq advanced 0.37%.

Meanwhile, investors in the US are awaiting the release of August PPI data later in the day, which could provide further clues on the Fed’s rate-cut path.

authorimg

Aparna Deb

Aparna Deb is a Subeditor and writes for the business vertical of News18.com. She has a nose for news that matters. She is inquisitive and curious about things. Among other things, financial markets, economy, a…Read More

Aparna Deb is a Subeditor and writes for the business vertical of News18.com. She has a nose for news that matters. She is inquisitive and curious about things. Among other things, financial markets, economy, a… Read More

News business markets Stock Market Updates: Sensex Rises Over 350 Points, Nifty Above 24,950; Avanti Feeds Zooms 9%
Disclaimer: Comments reflect users’ views, not News18’s. Please keep discussions respectful and constructive. Abusive, defamatory, or illegal comments will be removed. News18 may disable any comment at its discretion. By posting, you agree to our Terms of Use and Privacy Policy.

Read More

Leave a Reply

Your email address will not be published. Required fields are marked *