"foreign-fund-inflows"

Mumbai’s Sensex and Nifty rebounded after a weak start, supported by foreign fund inflows and hopes of US Fed rate cuts. Gains in select stocks and positive investor sentiment fueled the recovery despite mixed global cues and tech sector laggards

Sensex and Nifty surged in early trade amid global market rallies and US Fed rate cut hopes. Fresh foreign fund inflows and strong Q2 earnings from Axis Bank boosted sentiment. Asian markets traded higher; trade talks with the US continue

Sensex and Nifty rebounded in early trade on Thursday, driven by gains in Reliance Industries, IT stocks, and FII inflows. Asian markets showed mixed trends, Brent crude fell, and Wall Street’s record highs supported positive sentiment at Dalal Street.

The 30-share BSE Sensex slipped by 232.51 points to 80,055.87 in early trade, while the NSE Nifty dropped 67.15 points to 24,268.80. However, both indices later clawed back their losses and moved into positive territory, with the Sensex rising 76.72 points to 80,365.10 and the Nifty gaining 23.30 points to reach 24,359.25. 1/2

The 30-share BSE Sensex fell by 252.8 points to 76,095.26 in early trade, while the NSE Nifty slipped 57.85 points to 23,132.80. However, both benchmark indices rebounded, erasing their initial losses and moving into positive territory. The Sensex climbed 205.09 points to 76,550.97, while the Nifty advanced 70.05 points to 23,262.55.

The BSE benchmark Sensex gained 230.02 points, or 0.29%, closing at 80,234.08. It had earlier surged by 507.09 points, or 0.63%, to reach 80,511.15 during the day. The NSE Nifty rose by 80.40 points, or 0.33%, ending at 24,274.90. Among the 30 Sensex stocks, Adani Ports saw a 6% rise, while other gainers included NTPC, HDFC Bank, Bajaj Finance, Maruti, and Axis Bank.

The 30-share BSE Sensex rose by 180.92 points to 83,071.86 in early trade. The NSE Nifty increased by 55.1 points to 25,411.60, and later surged by 89.2 points to reach a new record high of 25,445.70.

Forex traders noted that market participants are awaiting the US Fed's policy announcement on Wednesday, where a rate cut is expected, though its size remains uncertain. They also mentioned that the rupee remains stable within a defined range due to active intervention by the Reserve Bank of India (RBI).

Forex traders noted that the rupee remains in a tight range, with the Reserve Bank of India (RBI) keeping a strong hold on the domestic currency. At the interbank foreign exchange market, the rupee opened at 83.92 and edged up to 83.91, marking a 5 paise increase from its previous close.

Forex traders say strength of dollar in overseas market, elevated crude oil prices weigh on local unit and restrict appreciation bias

BSE Sensex jumps 308.49 points to hit fresh record peak of 79,551.67, Nifty climbs 103.75 points to reach new high of 24,148.25

Rallying for the fifth straight session, the 30-share BSE Sensex climbed 280.32 points to a new lifetime peak of 77,581.46 in early trade.

The 30-share BSE Sensex climbed 85.64 points to 63,228.60 in early trade. The NSE Nifty advanced 25.55 points to 18,751.95.

The rupee had closed lower by 18 paise at 82.34 to a dollar on Wednesday. The forex market was closed on Thursday for Ram Navami.

UltraTech Cement was the top gainer in the Sensex pack, rising around 1 per cent, followed by Sun Pharma, IndusInd Bank, Reliance Industries and HDFC.

Meanwhile, the dollar index, which gauges the greenback's strength against a basket of six currencies, was trading 0.03 per cent lower at 90.44.

Besides, positive developments on COVID-19 vaccine front, improved domestic macro-economic data and weakness of the American currency against key rivals also supported the rupee.