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Time of India

Sensex jumps over 100 points, Nifty tops 25,100; auto stocks lead gainers

Stock Market Today: Indian benchmark equity indices saw a slight increase at the opening on Wednesday, mirroring positive trends in Asian markets. This optimism stems from encouraging developments in trade discussions between the US and key partners, including India and China. The Sensex and Nifty50 both experienced marginal gains, influenced by advancements in both international and bilateral trade negotiations. Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads Indian benchmark equity indices opened higher on Wednesday, tracking gains in other Asian markets amid signs of progress in trade talks between the US and key partners such as India and BSE Sensex was trading 106 points, or 0.13%, higher at 82,498. The Nifty50 was up 33 points, or 0.13%, trading at 25,136 around 9:30 the Sensex pack, M&M, Reliance Industries HCL Tech , and Bharti Airtel opened with gains, while Kotak Mahindra Bank Power Grid , L&T, and IndusInd Bank opened with in Asia, markets opened higher, with the MSCI Asia ex-Japan index rising 0.4%, following reports of an agreement between US and Chinese negotiators on a trade deal framework in London, pending approval by their respective home, Indian and US officials reportedly made progress in bilateral trade talks held in New Delhi, discussing key areas such as industrial goods, agriculture, tariff reductions, and non-tariff barriers, according to media the sectoral front, Nifty Bank, Financial Services, FMCG, and IT indices declined 0.2%, while Nifty Auto, Metal, Realty, and Oil & Gas opened 1.4% individual stocks, CreditAccess Grameen jumped 4.5% after the company raised $100 million through external commercial borrowings from a group of banks across South Asia and the Far shares of liquor companies, including United Spirits United Breweries , and Allied Blenders and Distillers, fell up to 6% after the Maharashtra government approved sweeping changes to liquor taxation and regulations aimed at boosting excise revenues.