Stock Market Today LIVE: Sensex jumps 283 points; Nifty 50 ends above 25,800; PSU Banks, metals shine; IT stocks slump
Stock Market Today LIVE: The Indian stock market benchmark indices, Sensex and Nifty 50, recovered from a slow start to conclude higher on Wednesday, led by financial and metal stocks. Meanwhile, IT lagged due to ongoing uncertainties surrounding AI and restrained wider advances.
For the third consecutive day, the Sensex gained 0.34% to 83,734.25, while the Nifty 50 increased 0.37% to 25,819.35.
The BSE 250 SmallCap Index rose 0.39% while the BSE 150 MidCap Index finished with a decent gain of 0.50%, indicating that the market saw buying across all segments.
As the total market capitalization of companies listed on the BSE increased to around ₹472 lakh crore from ₹470 lakh crore in the previous session, investors made roughly ₹2 lakh crore in a single session.
Sensex opened 102.63 points, or 0.12%, higher at 83,553.59, while the Nifty 50 opened at 25,752.65, up 27.25 points, or 0.11%. The Bank Nifty index gained 0.13% to open at 61,255.35 level.
Globally, Asian markets rose in a thin trade, with Nikkei rallying nearly 1% and most markets closed for the Lunar New Year holiday. The US stock market indices eked out gains overnight, supported by technology and financial stocks.
Geopolitical tensions seem to ease after Iranian Foreign Minister Abbas Araqchi said that Iran and the United States reached an understanding on main “guiding principles” in talks aimed at resolving their longstanding nuclear dispute.
Infosys, Bharti Airtel, Eternal, Dabur India, Bharat Heavy Electricals Ltd (BHEL), Dilip Buildcon, Bosch, Hexaware Technologies, Saatvik Green Energy and NDL Ventures are some of the key stocks in focus today.
Gold, Silver Prices
Gold and silver prices on MCX opened higher on Wednesday amid short-covering, following gains in international bullion prices. MCX gold price opened higher by ₹1,885, or 1.24%, at ₹1,53,303 per 10 grams, as against its previous close of ₹1,51,418 level.
MCX silver price opened higher by ₹4,146, or 1.81%, at ₹2,32,929 per kg as against its previous close of ₹2,28,783 level.
In the global markets, gold prices traded flat after a two-day decline. Spot gold price was little changed at $4,880.18 an ounce, while Silver price fell 1% to $72.83 an ounce.
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