Stock Market Updates: Sensex Rise 100 Points, Nifty Above 24,550; Airtel, Eternal Gain
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Sensex Today: GIFT Nifty hints at flat open; Asian markets rise
Sensex Today
Sensex Today: Stock markets in India opened today on a positive note, led by buying in auto, pharmaceuticals, and PSU bank stocks.
The BSE Sensex index was ruling at 80,913, higher by 175 points or 0.22 per cent, while the Nifty50 was at 24,590, up 48 points or 0.19 per cent. In the broader markets, the Nifty MidCap index and the Nifty SmallCap index gained 0.2 per cent each.
State Bank of India (SBI) has forecast a more aggressive 50-basis-point cut. The three-day MPC meeting begins today, June 4, with the policy decision set to be announced on Friday, June 6.
Global Cues
Asian markets advanced on Wednesday, mirroring Wall Street's overnight rally driven by gains in tech stocks, especially chipmakers like Nvidia.
Nvidia jumped nearly 3 per cent, extending Monday's rally and briefly surpassing Microsoft to become the world's most valuable company by market capitalisation. Other semiconductor stocks also moved higher, with Broadcom and Micron Technology gaining over 3 per cent and 4 per cent, respectively.
South Korea's Kospi surged 1.85 per cent to a 10-month high as markets reopened after opposition leader Lee Jae-myung's presidential election victory. Japan's Nikkei rose 0.94 per cent, and Topix was up 0.43 per cent.
Meanwhile, US futures traded flat after Tuesday's gains, buoyed by solid economic data and optimism in the tech sector. The S&P 500 advanced 0.58 per cent, the Dow Jones added 0.51 per cent, and the Nasdaq climbed 0.81 per cent, reflecting a resilient labour market despite concerns about tariffs.
First Published:
June 04, 2025, 09:10 IST
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