Stock market live: The Indian equity benchmark index opens in the green, primarily supported by US indices and with strong global influences. Gift Nifty was up 13.50 points or 0.06% at 22,603.50 at the opening bell. BSE Sensex rose 77,76 points or 0.11% to 73,973.30 and NSE Nifty50 rose 47.10 points or 0.21% to 22,489.80.
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In the foreign exchange market, the Indian rupee appreciated by 4 paise against the US dollar in early trade to $83.48.
On the sectoral index, FMCG, real estate, media, PSE, PSU banks and oil and gas remained in the green, led by FMCG, increasing just over 1000 points to 56,049.40. Traded.Pharmaceutical, metal, energy, and automobile indices remain in the red
Participating in the global bull market are Asian stock indexes that have risen on the back of optimism about US interest rate cuts. Japan’s Nikkei Stock Average rose 452.59 points (1.18%) to 38,688.65, while South Korea’s Nikkei Stock Average rose 52.22 points (1.91%) to 2,728.63.
Investors in Asian markets were awaiting the Reserve Bank of Australia’s interest rate decision as the bank concludes its two-day monetary policy meeting. Australia’s S&P/ASX 200 rose for the fourth day in a row, gaining 0.38 points. percent before making a decision.
After trading in the green for the first few hours on Monday, both Frontline indexes eroded their gains and ended almost flatline. The Sensex rose 17.39 points (0.02%) to settle at 73,895.54. Meanwhile, Nifty declined 33.15 points or 0.15% to 22,442.70.
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