Sensex Today
Thanks to better investor optimism and encouraging global indications, Indian stock markets opened higher on Wednesday. The NSE Nifty50 began 79 points, or 0.31%, higher at 25,225, while the BSE Sensex increased 243 points, or 0.30%, to 82,273.
With the Nifty MidCap index climbing 0.38% and the Nifty SmallCap index rising 0.20% in early trade, buying interest was also evident in the larger markets.
Global Cues
Investors around the world are keeping a tight eye on Euro Area industrial production figures. Dalal Street participants back home await important domestic measures that could influence market sentiment in the near future, such as the RBI MPC minutes, trade data, unemployment statistics, and passenger vehicle sales figures.
Despite Wall Street’s overnight slump due to heightened US-China trade concerns, Asian markets saw higher trading on Wednesday. The recovery followed US President Donald Trump’s escalation of the continuing trade battle by threatening “retribution” against China, including a possible cooking oil ban.
South Korea’s Kospi increased 0.8%, Australia’s S&P/ASX 200 increased 0.93%, and Japan’s Nikkei 225 increased 0.3% among regional peers.
As investors processed positive quarterly results from top banks, remarks made by Federal Reserve Chair Jerome Powell, and the growing US-China trade dispute, key US indices closed the night on a mixed note. The Nasdaq Composite fell 0.76% while the S&P 500 fell 0.16%. On the other hand, thanks to increases in industrial and financial firms, the Dow Jones Industrial Average recorded a gain of 0.44%.
