Share Market Today: Sensex Rises 200 Points; Nifty Above 25100. See How Top Stocks Are Performing

Share Market Today: On the 30-share Sensex platform, Bajaj Finserv, Bajaj Finance, HCLTech, TechM, TCS, ICICI Bank emerged gainers

Share market today: The two key equity benchmark indices, Sensex and Nifty, on Thursday are trading higher. The two indices, however, opened in the red tracking weakness in the overnight US market. At 10.25 am, the BSE Sensex rose 224 points to 82,009. On the other hand, the NSE Nifty50 was trading at 25,109, rising 57 points.

Stock update

On the 30-share Sensex platform, Bajaj Finserv, Bajaj Finance, HCLTech, TechM, TCS, ICICI Bank emerged gainers. On the down side, PowerGrid, UltraCemco, Maruti, M&M, Sun Pharma, Tata Steel were among the early losers.

Sectoral update

Sectorwise, power, oil & gas, realty, metal stocks were trading in the negative zone during early trade.

In the previous session on Wednesday, the 30-share BSE Sensex closed at 81,785, rising 74 points, while the NSE Nifty50 settled at 25,052, up 35 points.

"The Nifty is expected to face choppy waters ahead, with uncertainty in market direction. The downturn in US tech stocks, particularly Nvidia's recent decline despite strong earnings, has contributed to this caution," said Prashanth Tapse, Senior VP (Research), Mehta Equities Ltd.

Global update

In Asian markets, Seoul, Tokyo, Shanghai, and Hong Kong were trading in the negative territory. The US markets ended lower on Wednesday. Wall Street's main indexes finished lower.

The Dow Jones Industrial Average fell 0.39 per cent to 41,091.42, the S&P 500 lost 0.60 per cent to 5,592.18 and the Nasdaq Composite lost 1.12 per cent to 17,556.03. Japan’s Nikkei 225 dropped 0.56 per cent, while the broad based Topix was down 0.14 per cent. Australia’s S&P/ASX 200 was down 0.47 per cent.

Foreign Institutional Investors (FIIs) offloaded equities worth Rs 1,347.53 crore on Wednesday, according to exchange data.

Global oil benchmark Brent crude climbed 0.11 per cent to $78.74 a barrel.

Rupee gains 9 paise

Rupee appreciated 9 paise to 83.88 against the US dollar in morning trade on Thursday, supported by the weakness of the American currency in the overseas market and a positive trend in domestic equities.

Forex traders said market is awaiting cues from the US GDP and the US Personal Consumption Expenditure (PCE) inflation data, as this data point is crucial as it could sway the Federal Reserve's decision on whether to implement a 25 or 50 basis point rate cut at its September meeting.

At the interbank foreign exchange market, the local unit opened at 83.92, then gained ground to touch 83.88, registering a rise of 9 paise from its previous close. On Wednesday, the rupee depreciated 4 paise to close at 83.97 against the American currency.