Terrific Thursday: Sensex Gains For 4th Day, Adds 900 Points, Nifty At 23,190; All Sectors In Green – News18
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Indian benchmark equity indices, BSE Sensex and Nifty50, opened higher on Thursday, buoyed by positive global cues
Sensex Today
Sensex Today: Benchmark Indian equity indices extended their upward momentum and closed with gains of over 1%, driven by broad-based buying across sectors. The 30-share Sensex ended at 76,348.06, up 899.01 points, or 1.19%, trading within a range of 76,456.25 to 75,684.58.
Similarly, the Nifty50 also ended higher, gaining 283.05 points, or 1.24%, to close at 23,190.65. The index reached an intraday high of 23,216.70 and dipped to a low of 22,973.95 during the session.
In the broader markets, the Nifty Midcap100 and Nifty Smallcap100 indices gained 0.64% and 0.70%, respectively.
All sectoral indices on the NSE closed in the green, with the Nifty IT, Auto, FMCG, Metal, Media, Realty, Oil & Gas, Consumer Durables, and Healthcare indices rising by more than 1% each.
Global Cues
On Wednesday, U.S. central bankers indicated they are likely to implement two quarter-point interest rate cuts later this year, maintaining the same median forecast from three months ago. This comes despite expectations of slower economic growth and higher inflation.
The dollar weakened on Thursday after the Federal Reserve signaled that interest rate cuts are likely later this year, despite ongoing uncertainty surrounding U.S. tariffs. Meanwhile, the pound reached a four-month high ahead of the Bank of England’s upcoming policy decision.
U.S. policymakers forecast two quarter-point interest rate cuts later this year, consistent with their outlook from three months ago, even as they anticipate slower economic growth and higher inflation. On Wednesday, the Fed kept its benchmark overnight rate unchanged in the 4.25%-4.50% range.
U.S. stocks surged on Wednesday after the Federal Reserve, as expected, decided to keep interest rates steady. Both the central bank and investors are closely monitoring the impact of President Donald Trump’s tariff policies on the economy and inflation.
China kept its benchmark lending rates unchanged for the fifth consecutive month in March, in line with market expectations. The one-year loan prime rate (LPR) remained at 3.1%, while the five-year LPR stayed at 3.6%.
As of 9:45 a.m. Tokyo time, S&P 500 futures increased by 0.4%, while Hang Seng futures showed little movement. Australia’s S&P/ASX 200 saw a gain of 0.8%, and Euro Stoxx 50 futures rose by 0.2%, indicating a generally positive outlook for global markets.
