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India's benchmark Nifty and Sensex opened higher on Thursday, taking positive cues from Asian and US equities. The Nifty 50 opened 73 points or 0.3% higher at 25,556 and the BSE Sensex jumped 142 points to 82,418.
IT stocks continued Wednesday's momentum, with the Nifty IT index rising 1.5%, led by Persistent Systems and Tech Mahindra. PSU Banks, energy and defence are the other counters trading higher early session.
Asian shares climbed for a fourth day as recent turmoil sparked by concerns over the impact of artificial intelligence subsided, though gains were tempered by a muted response to Nvidia Corp.'s upbeat sales forecast. The MSCI Asia Pacific Index rose 1% to another all-time high. Japan's Nikkei 225 index crossed 59,000 for the first time fueled by "Takaichi Trade". Australia's S&P/ASX 200 and South Korea's Kospi Index — a bellwether for AI investments — also jumped to new records.
India's benchmark Nifty and Sensex opened higher on Thursday, taking positive cues from Asian and US equities.
The Nifty 50 opened 73 points or 0.3% higher at 25,556 and the BSE Sensex jumped 142 points to 82,418.
The yield on the benchmark 10-year government bond was flat at 6.67%.
The Indian rupee opened 11 paise stronger at 90.846 to the dollar. The dollar index is down 0.1% at 97.55.
Oil prices edged higher before nuclear talks between the US and Iran, with some major Middle Eastern producers boosting exports as concerns about a potential conflict in the region create uncertainty about future supply.
Brent climbed above $71 a barrel following a two-day decline, while West Texas Intermediate rose toward $66.
Japan's benchmark Nikkei 225 index jumped over 1% to hit a new record of 59,199, extending gains to a third session this week. The broader Topix rose 1.5% to a new high.
The government of PM Sanae Takaichi appointed two new board members on the Bank of Japan who are considered dovish and in-line with the pro-growth PM's economic vision.
Overnight strength on Wall Street after Nvidia results and outlook commentary also boosted sentiment.
Asian shares climbed for a fourth day as recent turmoil sparked by concerns over the impact of artificial intelligence subsided, though gains were tempered by a muted response to Nvidia Corp.'s upbeat sales forecast. The MSCI Asia Pacific Index rose 1% to another all-time high.
Japan's Nikkei 225 index crossed 59,000 for the first time fueled by "Takaichi Trade". Australia's S&P/ASX 200 and South Korea's Kospi Index — a bellwether for AI investments — also jumped to new records.
The GIFT Nifty, a futures contract based on the benchmark Nifty 50, is up 0.2% at 25,684 points as of now. This indicates a positive open for the 50-stock index.
Here's the fund flow picture from the last session:
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