Sensex jumps 310 points in early trade on firm global trends

Stock trader looking astatine a stock terms connected a surface astatine a brokerage location arsenic BSE scale moved up connected a trading day. File photo | Photo Credit: The Hindu

Benchmark equity indices climbed successful aboriginal commercialized connected Thursday (October 10, 2024) amid a steadfast inclination successful planetary equities and buying successful banking stocks.

Market participants volition intimately ticker Q2 net season, starting with Tata Consultancy Services which is acceptable to study its results aboriginal successful the day, traders said.

The 30-share BSE Sensex jumped 309.85 points oregon 0.38 per cent to 81,776.95 successful aboriginal trade. The NSE Nifty went up 90.70 points oregon 0.36 per cent to 25,072.65.

From the 30 Sensex companies, PowerGrid, NTPC, Kotak Mahindra Bank, Axis Bank, Mahindra and Mahindra and Larsen & Toubro were among the gainers.

Infosys, Sun Pharmaceuticals, Bharti Airtel, Asian Paints, Tech Mahindra and ICICI Bank were among the laggards.

In Asian markets, Tokyo, Shanghai, Hong Kong and Seoul were trading higher.

Wall Street ended with gains successful overnight deals connected Wednesday.

"The grounds highs successful the US market, affirmative trends successful Asian markets, and the Reserve Bank of India's dovish commentary person uplifted marketplace sentiment," Vikas Jain, Head of Research astatine Reliance Securities, said.

Global lipid benchmark Brent Crude climbed 0.77 per cent to USD 77.18 a barrel.

Foreign Institutional Investors (FIIs) offloaded equities worthy ₹4,562.71 crore connected Wednesday, portion Domestic Institutional Investors (DIIs) bought equities worthy ₹3,508.61 crore, according to speech data.

The Reserve Bank of India (RBI) kept its cardinal involvement complaint unchanged connected Wednesday but took the archetypal measurement towards a complaint chopped arsenic it eased its comparatively hawkish argumentation stance to 'neutral'.

The monetary argumentation committee, which included 3 RBI officials and an adjacent fig of caller outer members, voted five-to-one to support the benchmark repurchase oregon repo complaint - which governs the involvement complaint of home, auto, firm and different loans - astatine 6.5 per cent for a 10th consecutive argumentation meeting.

Published - October 10, 2024 10:35 americium IST