Sensex Ends Volatile Session 227 Points Higher, Nifty At 23,250; Dabur Rises 4% – News18
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Benchmark equity indices, BSE Sensex and Nifty50, opened on a mixed note on Thursday, reflecting mixed global cues
Sensex, Nifty Today
Sensex Today: Benchmark equity indices continued their upward trend for the third consecutive session, closing in positive territory on Thursday. The BSE Sensex gained 226.85 points, or 0.30%, to end at 76,759.81. The index reached a high of 76,898.63 during the day and a low of 76,401.13.
The NSE Nifty50 rose by 86.40 points, or 0.37%, to close at 23,249.50. The index traded within a range of 23,311.15 to 23,139.20.
Out of the 51 stocks in the Nifty50, 35 ended in the green. Top gainers included Bharat Electronics, Power Grid Corporation, Cipla, Hero MotoCorp, and Bharti Airtel, with gains up to 4.87%. On the other hand, 17 stocks, including Tata Motors, ITC Hotels, Adani Enterprises, Shriram Finance, and Bajaj Finserv, ended lower, with losses up to 6.98%.
In the broader market, the Nifty Smallcap 100 index rose by 0.12%, while the Nifty Midcap 100 index saw a slight dip of 0.01%.
The India VIX, a measure of market volatility, surged 6.70% to settle at 17.39 points.
Global Cues
On Wall Street, benchmark indices closed lower as the US Federal Reserve refrained from providing clarity on when it might resume its easing cycle.
Meanwhile, the US trade deficit in goods, a longstanding concern for former President Trump, widened to a record high of $122.1 billion in December, an 18% increase. Imports of goods rose by 3.9%, while exports dropped 4.5%. This widening deficit raises the risk of a sharper slowdown in GDP growth for the fourth quarter, with the government set to release its advance GDP estimate on Thursday.
In the Asia-Pacific region, Australia’s S&P/ASX 200 gained 0.4%, extending gains from the previous session, while Japan’s Nikkei 225 inched up by 0.06%. Markets in Taiwan, South Korea, Hong Kong, and China remained closed for Lunar New Year holidays.
US equity indices dipped as the dollar firmed on Wednesday after the Federal Reserve held interest rates steady without offering guidance on when further rate cuts might occur. The Dow Jones Industrial Average fell 0.3%, while both the S&P 500 and Nasdaq Composite lost around 0.5%, ahead of earnings reports from major companies like Microsoft, Meta, and Tesla.
Nvidia’s shares continued their downward slide, falling 4.1% after Bloomberg News reported that US officials were discussing restrictions on Nvidia’s chip sales to China, amid growing competition from China’s DeepSeek AI model.
Earlier, European shares hit a record high, driven by strong earnings from Dutch chip equipment maker ASML, whose stock surged 5.5%, boosting the broader tech sector by 2.4%. MSCI’s global stock gauge fell by 0.17%.
In bond markets, the 10-year US Treasury yield remained stable at 4.549%, while the 2-year note yield, closely tied to interest rate expectations for the Fed, ticked up 1.9 basis points to 4.224%. European yields were steady, with expectations that the European Central Bank might cut rates again on Thursday. The Japanese yen edged higher to 155.34 per dollar after the Bank of Japan’s meeting minutes indicated possible future rate hikes.
Traders also absorbed the latest tariff threats from US President Donald Trump. The White House stated that Trump plans to impose steep tariffs on Mexico and Canada this Saturday, and he is “very much” considering tariffs on China as well.
The US dollar strengthened against major currencies on Wednesday, rising 0.35% to 0.907 against the Swiss franc, while weakening 0.17% to 155.25 against the Japanese yen. The euro declined by 0.17% to $1.041.
Oil prices fell on Wednesday, with the US benchmark settling at a year-to-date low after domestic crude stockpiles rose more than expected last week.
