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Sensex Today: The BSE Sensex and NSE Nifty 50 indices opened on a positive note on Monday morning
Stock Market Today
Sensex, Nifty Today: The BSE Sensex and NSE Nifty 50 indices opened on a positive note on Monday morning, driven by upbeat cues from global markets.
The BSE Sensex opened almost unchanged at 73,830, and was quoting with a gain of 280 points at 74,100 levels. The NSE Nifty 50 index gained 80-odd points at 22,480 levels.
IndusInd Bank up nearly 5 per cent was the top gainer among the Sensex 30 shares. Bajaj Finserv, Bajaj Finance and Mahindra & Mahindra were the other major gainers – up 2 – 3 per cent each.
On the flip side, Nestle India, HCL Technologies and Infosys traded with marginal losses.
In the broader market, the BSE MidCap index gained 1.8 per cent, while the SmallCap jumped 0.5 per cent in Monday’s intra-day deals.
Global Cues
On Friday, the US market saw a strong rebound, with the NASDAQ soaring 2.6%, the Dow Jones rising 1.7%, and the S&P 500 climbing 2.1%.
In Asia this morning, Hong Kong’s Hang Seng and Japan’s Nikkei both surged by around 1.4%. Taiwan and KOSPI also gained over 1% each, while Singapore’s Straits Times rose 0.7%, and China’s Shanghai Composite was up 0.4%.
Global investors will closely monitor developments in the US market, as well as interest rate decisions by major central banks. The US Federal Reserve and Bank of Japan are scheduled to announce their policy decisions on March 19, Wednesday, followed by the Bank of England on March 20, Thursday.
In commodities, gold prices surged past the $3,000 mark for the first time ever on Friday, driven by concerns that Donald Trump’s tariff measures could potentially disrupt global economies.
Meanwhile, WTI Crude Oil and Brent Crude Oil futures both gained over 1%, trading at $67.67 and $71.35 per barrel, respectively.