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Economic Times
6 days ago
- Business
- Economic Times
ET Market Watch: Sensex rises 304 pts, Nifty reclaims 24,600 on Fed cut hopes, cooling inflation
Transcript Hi, I am Neha Vashishth from the Economic Times. Welcome to a brand-new episode of ET Market Watch, your quick pulse on markets and money. Let's hear the top highlights. Markets Update Indian markets ended Wednesday in the green, riding on hopes of a U.S. Fed rate cut in September and easing domestic inflation. The Sensex climbed 304 points to 80,565, while the Nifty added 132 points to finish at 24,619. Autos and financials led the rally, auto stocks gained 1.1%, financials rose 0.4%. Top Sensex gainers included BEL, Eternal, Kotak Mahindra Bank, Tata Motors, and Mahindra & Mahindra, each up between 1.4% and 2.3%. In standout moves, Apollo Hospitals surged nearly 8%, Hindalco jumped 5% after earnings, Nykaa rose 5% on a twofold profit jump, and Paytm gained 3% after its payments arm secured RBI approval to operate as an online payments aggregator. Midcaps and smallcaps also joined the party, up 0.6% and 0.7% respectively. Expert Take Vinod Nair of Geojit Financial Services says CPI hitting an eight-year low is fuelling hopes for a revival in discretionary spending, especially in autos and metals. Globally, sentiment also got a lift from easing oil prices and China's tariff deadline extension but eyes are on the Trump–Putin meet set for August 15. Global Markets World equities hit record highs as softer inflation data boosted risk appetite. Japan's Nikkei crossed 43,000 for the first time ever, European markets were up around half a percent, and U.S. futures pointed higher. In crypto, Ether hit a near four-year high above $4,679. Commodities & Forex Brent crude slipped 0.7% to $65.67 a barrel after the IEA projected supply would outpace demand this year. The rupee had its best day in over a month, up 0.3% to 87.44 against the U.S. dollar as the greenback weakened on Fed cut bets. That's your market wrap for today. This is ET Market Watch. See you tomorrow with the latest buzz from Dalal Street and beyond.
Time of India
6 days ago
- Business
- Time of India
ET Market Watch: Sensex rises 304 pts, Nifty reclaims 24,600 on Fed cut hopes, cooling inflation
Transcript Hi, I am Neha Vashishth from the Economic Times. Welcome to a brand-new episode of ET Market Watch, your quick pulse on markets and money. Let's hear the top highlights. Markets Update Indian markets ended Wednesday in the green, riding on hopes of a U.S. Fed rate cut in September and easing domestic inflation. The Sensex climbed 304 points to 80,565, while the Nifty added 132 points to finish at 24,619. Autos and financials led the rally, auto stocks gained 1.1%, financials rose 0.4%. Top Sensex gainers included BEL, Eternal, Kotak Mahindra Bank, Tata Motors, and Mahindra & Mahindra, each up between 1.4% and 2.3%. In standout moves, Apollo Hospitals surged nearly 8%, Hindalco jumped 5% after earnings, Nykaa rose 5% on a twofold profit jump, and Paytm gained 3% after its payments arm secured RBI approval to operate as an online payments aggregator. Midcaps and smallcaps also joined the party, up 0.6% and 0.7% respectively. Expert Take Vinod Nair of Geojit Financial Services says CPI hitting an eight-year low is fuelling hopes for a revival in discretionary spending, especially in autos and metals. Globally, sentiment also got a lift from easing oil prices and China's tariff deadline extension but eyes are on the Trump–Putin meet set for August 15. Global Markets World equities hit record highs as softer inflation data boosted risk appetite. Japan's Nikkei crossed 43,000 for the first time ever, European markets were up around half a percent, and U.S. futures pointed higher. In crypto, Ether hit a near four-year high above $4,679. Commodities & Forex Brent crude slipped 0.7% to $65.67 a barrel after the IEA projected supply would outpace demand this year. The rupee had its best day in over a month, up 0.3% to 87.44 against the U.S. dollar as the greenback weakened on Fed cut bets. That's your market wrap for today. This is ET Market Watch. See you tomorrow with the latest buzz from Dalal Street and beyond.
