Indian equity markets opened higher on Thursday, tracking strong gains in global technology stocks.
The BSE Sensex rose 161 points, or 0.19%, to open at 85,347, while the Nifty50 started at 26,110, up 58 points, or 0.22%.
Sentiment was boosted by upbeat quarterly earnings from AI major Nvidia, which exceeded Wall Street estimates on both revenue and profit. The results lifted global tech shares, pushing major Asian indices up by as much as 4%, while US markets ended modestly higher overnight.
In India, broader indices also edged up, with the Nifty MidCap gaining 0.34% and the Nifty SmallCap rising 0.38%. Among sectoral indices, Nifty Metal and Nifty Auto advanced 0.3% each.
Global Cues
Asian markets traded firmly in the green. Japan’s Nikkei surged 3.62%, China’s CSI 300 added 0.47%, Hong Kong’s Hang Seng climbed 0.65%, and South Korea’s KOSPI jumped 2.5%.
US markets also posted gains on Wednesday. The Dow Jones Industrial Average rose 0.10%, the S&P 500 advanced 0.38%, and the Nasdaq Composite gained 0.59%.
Minutes from the US Federal Reserve’s October meeting showed policymakers divided over whether slowing labour market conditions or persistent inflation pose the bigger risk to the economy.
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