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The BSE Sensex and NSE Nifty 50 began the last trading session of the week with...
Read More Sensex Today: Equity benchmark indices opened today’s trading session on a positive note, driven by gains in key index heavyweights like Reliance Industries and Bharti Airtel. The BSE Sensex began 363 points higher at 74,393, but quickly pared its gains, rising by around 100 points to 74,135. Meanwhile, the NSE Nifty 50 hovered around the 22,500 mark.
Mahindra & Mahindra, Zomato, Bharti Airtel, Power Grid Corporation, Adani Ports, and Tata Steel were among the top gainers in the early part of the session within the Sensex 30 stocks. From a technical standpoint, the Nifty is trading just below its immediate resistance level at the key 22,500 threshold, which has become a significant barrier. According to Dhupesh Dhameja, Derivatives Analyst at SAMCO Securities, a breakout above 22,550 could trigger a short-covering rally.
Global Cues Overnight in the US, the NASDAQ and S&P 500 rose by up to 1.2% as beaten-down tech stocks bounced back. However, the Dow Jones closed 0.
2% lower after a volatile trading session. A softer CPI inflation report also helped boost market sentiment. Markets in the Asia-Pacific region showed a mixed performance.
Japan’s Nikkei gained 0.8%, while KOSPI and Taiwan saw increases of 1% and 0.5%, respectively.
On the other hand, Australian indices like the ALL Ordinaries and ASX 200, along with the Hang Seng, Straits Times, and China’s Shanghai Composite, were down by around 0.2% each..
