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Indian equities opened higher on Wednesday, buoyed by firm global cues and aided by cooling domestic inflation data
Sensex Today (Source: Freepik)
Sensex Today: Indian benchmark indices closed in the green on Wednesday, led by gains in healthcare, metal, and auto stocks. Market sentiment improved after retail inflation data showed a sharp decline, easing to its lowest level in over seven years.
India’s Consumer Price Index (CPI) inflation fell to 1.55% in July, down from 2.1% in June, marking the ninth straight month of decline. According to the Ministry of Statistics and Programme Implementation (MoSPI), this is the lowest reading since June 2017.
The BSE Sensex rose 304.32 points, or 0.38%, to settle at 80,539.91, while the Nifty50 gained 131.95 points, or 0.54%, to end at 24,619.35.
On the BSE, Bharat Electronics (BEL), Eternal, and Mahindra & Mahindra (M&M) were the top gainers, whereas Adani Ports, UltraTech Cement, and ITC were the major laggards.
On the NSE, NTPC, Titan, and Dr. Reddy’s Laboratories led the gains, while IndusInd Bank, Bharti Airtel, and Adani Enterprises were among the top losers.
Broader indices also closed higher, with the Nifty Midcap 100 up 0.63% and the Nifty Smallcap index gaining 0.66%.
Sectorally, Nifty Healthcare surged 2.13%, followed by Pharma (1.73%), Metal (1.26%), and Auto (1.12%). On the downside, FMCG (-0.04%), PSU Bank (-0.14%), and Oil & Gas (-0.05%) ended slightly lower.
Global Cues
Global markets also lent support. Across Asia, mainland China’s CSI 300 gained 0.37%, Hong Kong’s Hang Seng advanced 0.94%, Japan’s Nikkei rose 1.3%, and South Korea’s KOSPI added 0.38%.
Overnight in the US, Wall Street ended higher after July’s consumer price index (CPI) came in softer than expected, easing concerns that tariffs were stoking inflation. The CPI rose 0.2% in July, following a 0.3% increase in June, matching economists’ estimates. The S&P 500 and Nasdaq Composite both closed at fresh record highs, gaining 1.1% and 1.4% respectively, while the Dow Jones also advanced 1.1%.
Aparna Deb is a Subeditor and writes for the business vertical of News18.com. She has a nose for news that matters. She is inquisitive and curious about things. Among other things, financial markets, economy, a…Read More
Aparna Deb is a Subeditor and writes for the business vertical of News18.com. She has a nose for news that matters. She is inquisitive and curious about things. Among other things, financial markets, economy, a… Read More
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