New Delhi:
Indian stock markets have opened with a positive trend today. Benchmark indices BSE Sensex and Nifty 50 are seeing a rise on Thursday after the US Federal Reserve indicated at least one rate cut this year. Around 9:41 am, the major benchmark index BSE Sensex is trading at 81,106.43 with a gain of 201.13 points i.e. 0.25%. At the same time, Nifty 50 is also trading at 24,833.45 with a gain of 63.25 points i.e. 0.26%.
In the early trade, the highest growth is seen in IT and FMCG stocks. Nifty IT index is up by 0.42 percent and Nifty FMCG index is up by 0.48 percent. Apart from this, PSU Bank, FMCG, Metal and Media index are up on the National Stock Exchange (NSE).
At the same time, auto, pharma, realty and energy indexes are trading under pressure. Buying is also being seen in banking stocks. Nifty Bank is up 134 points or 0.27 percent at 50,820. Small and midcap stocks are also in a boom. Nifty Midcap 100 index is up 279 points or 0.48 percent at 58,715 and Nifty Smallcap 100 index is up 75 points or 0.40 percent at 19,141.
Among Sensex stocks, Infosys, Bharti Airtel, Tech Mahindra, IndusInd Bank, HUL, HDFC Bank and SBI are the top gainers while Power Grid, M&M, Tata Motors, NTPC, TCS and Axis Bank are the top losers.
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Kanishk Singh has always had a keen interest in fast-paced cars. For the past three years, he has been writing about automobiles, but his fascination with cars dates back even further. He thoroughly enjoys learning about their features and expressing his thoughts through his writing. Kanishk also has a profound interest in the stock market, shares, and business strategies. He possesses a wealth of knowledge on these subjects and consistently writes articles on them. Currently, he is working as a writer for Lattestnews24, specifically focusing on the Automobile, Finance, and Business categories. His well-crafted words are highly appreciated by the readers, as they find them both informative and creative.