Stock Market Updates: Sensex Jumps 550 Points, Nifty Above 22,000; SAIL Up 5% – News18

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Stock Market Updates: Sensex Jumps 550 Points, Nifty Above 22,000; SAIL Up 5% – News18


Last Updated: March 21, 2024, 09:33 IST

Sensex Today: Equity benchmark indices opened in inexperienced on Thursday monitoring upbeat cues from the worldwide markets. Overnight within the US, the Fed stored its rates of interest unchanged and caught on its promise of three price cuts within the present calendar yr. Markets throughout Asia Pacific rode excessive on the information.

The BSE Sensex was up 500 factors to 72,652, and the NSE Nifty50 gained 21 factors to 21,839.

Shares of Nifty oil and fuel have been up 1.29 per cent in early commerce, whereas Nifty Realty and Nifty FMCG gained 0.62 per cent and 0.48 per cent respectively in early commerce.

Individual shares such IndusInd Bank, Wipro, Tata Steel, Tata Motors, NTPC, Powergrid, Bharti Airtel and SBI have been buying and selling in inexperienced on the Sensex. On the flip aspect, AstraZeneca India and Indoco Remedies have been among the many high losers on BSE.

The broader markets opened greater. The BSE MidCap and SmallCap indices have been up by 1.4 per cent and 1.3 per cent respectively.

Global Cues

Asian shares bounced whereas gold costs and Japan’s Nikkei jumped to report highs on Thursday after the U.S. Federal Reserve indicated it will follow plans for reducing rates of interest.

Tokyo shares opened greater on Thursday, helped by a less expensive yen and US rallies after the Federal Reserve determined to maintain rates of interest unchanged.The benchmark Nikkei 225 index was up 1.30 p.c, or 520.75 factors, at 40,524.35 in early commerce, whereas the broader Topix index added 1.20 p.c, or 33.10 factors, to 2,784.07.

Wall Street’s essential inventory indexes closed greater on Wednesday after the Federal Reserve eased investor jitters by holding borrowing prices unchanged and reinforcing expectations that charges may very well be lower as many as thrice this yr.



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