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Stock market today: Nifty50 and BSE Sensex, the Indian equity benchmark indices, ended in green on Thursday following gains in global markets amidst expectations of Fed rate cuts.
The NSE Nifty 50 increased by 32.40 points or 0.13 per cent to end at 25,005.50, its highest in nearly three weeks, marking seven straight sessions of gains.
The BSE Sensex advanced 123 points whilst the broader Nifty closed above 25,000 on Thursday, following gains in global markets amidst expectations of Fed rate cuts.
Continuing its upward trend for the fourth consecutive day, the 30-share Sensex gained 123.58 points or 0.15 per cent to finish at 81,548.73. During trading hours, it reached 81,642.22, showing a rise of 217.07 points or 0.26 per cent.
Among Sensex constituents, NTPC, Axis Bank, Power Grid, Bharti Airtel, Eternal and Sun Pharma emerged as primary gainers.
Conversely, Infosys, Titan, UltraTech Cement and Hindustan Unilever showed declines.
"The Nifty50 index has closed above the critical threshold of 25,000. The unexpected imposition of a 50 per cent tariff on India by the US initially dragged the main index down to 24,400," stated Vinod Nair, Head of Research, Geojit Investments Limited.
Nair further noted that positive indications from the US regarding resumption of trade talks with India have enabled the index to move into an anticipated new range.
Asian markets showed mixed results with South Korea's Kospi, Japan's Nikkei 225 and Shanghai's SSE Composite rising, whilst Hong Kong's Hang Seng declined.
European markets traded positively, whilst US markets showed mixed performance on Wednesday.
Foreign institutional investors (FIIs) sold equities worth Rs 115.69 crore following Wednesday's pause, according to exchange data. Meanwhile, domestic institutional investors (DIIs) purchased shares worth Rs 5,004.29 crore the previous day.
The global oil benchmark Brent crude decreased 0.24 per cent to USD 67.28 per barrel.
