FIRST TRADE: Sensex climbs 1,259 points, Nifty leaps 370 pts to 24,278

2 hours ago 1

After the erstwhile session's steep gain, Indian equities opened higher for the 2nd league aft the sentiment improves station authorities election. At the start, Nifty was up 1.55 per cent oregon 370.25 astatine 24,277.5, portion the Sensex was up 1.59 per cent oregon 1,259.2 astatine 80,376.32.

Prashanth Tapse, Senior VP (Research), Mehta Equities said that the GIFT Nifty is disconnected to a roaring start, fuelled by the BJP's landslide triumph successful Maharashtra, mounting the signifier for Nifty to perchance standard the intelligence 25,000 people successful the adjacent term. The trading scope is pegged astatine 23,800-24,800, with absorption astatine 24,000 and beardown enactment astatine 23,000-23,500.

FIIs, who sold Rs 40,947 crores successful November, whitethorn statesman covering shorts arsenic bullish momentum builds, supported by Nifty's adjacent supra the 200-DMA and grounds highs successful the Dow, added Tapse.

Asian markets

Asian markets traded successful the greenish arsenic the dollar and enslaved yields moved downward station the enactment of fund manager Scott Bessent arsenic the adjacent U.S. Treasury secretary. The MSCI's broadest scale MSCI Asia ex-Japan was up 0.4 per cent astatine the past count.

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