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Sensex Today: The Indian stock market is trading higher on Wednesday, supported by easing geopolitical tensions
Sensex Today (Source: Freepik)
Sensex Today: Indian stock markets opened on a firm note on Wednesday, buoyed by easing crude oil prices and a ceasefire agreement between Iran and Israel. Around 10 am, Sensex was up 510.08 points or 0.62 per cent at 82,565.19, and the Nifty was up 146.95 points or 0.59 per cent at 25,191.30.
In the broader markets, the Nifty MidCap index edged up 0.3 per cent, and the Nifty SmallCap index gained 0.6 per cent, reflecting broad-based optimism.
Sector-wise, the Nifty IT index emerged as the top performer, climbing 0.65 per cent. On the flip side, the Nifty Private Bank index was the biggest laggard, slipping 0.12 per cent.
Global Cues
In global markets, Asia-Pacific indices traded largely flat after a positive start. Investor sentiment improved following a potential ceasefire between Iran and Israel, which was brokered by US President Donald Trump.
The truce raised hopes of reduced geopolitical risks. At last check, Japan’s Nikkei was up 0.073 per cent, while the broader Topix slipped 0.1 per cent. Meanwhile, Australia’s ASX 200 and South Korea’s Kospi were trading with a slight negative bias. Investors in the region are also awaiting Australia’s May inflation data.
In the US, stock futures were mostly muted during early Asian hours. Futures on the S\&P 500 and Nasdaq 100 each declined 0.1 per cent, while Dow futures also edged down by 0.1 per cent.
Federal Reserve Chair Jerome Powell, in his latest remarks, said the central bank is likely to maintain interest rates amid ongoing inflation concerns and uncertainty over the impact of proposed tariffs. Powell noted that the Fed is “well positioned to wait” before making any changes to monetary policy, reinforcing expectations of a longer pause on rate moves.
US equity markets ended higher overnight, riding on the back of easing geopolitical risks and dovish Fed commentary. The Dow Jones Industrial Average jumped 1.19 per cent to 43,089.02. The S&P 500 gained 1.11 per cent to close at 6,092.18, just 0.9 per cent shy of its 52-week high. The Nasdaq Composite rose 1.43 per cent to 19,912.53, while the Nasdaq 100 surged 1.53 per cent to a record closing level of 22,190.52.
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
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