Stock Market Updates: Sensex-Nifty saw a huge jump; Tata Motors shares fell by 2%

Stock Market Updates: The Indian benchmark indexes, the BSE Sensex and Nifty 50, began the day higher on Thursday, following Wall Street’s overnight gains.

At the opening bell, the Nifty 50 was up 87 points, or 0.35 percent, at 25,069, while the BSE Sensex was up 250 points, or 0.31 percent, at 81,717.

Worldwide Cues

Following Wall Street advances that saw the S&P 500 and Dow Jones Industrial Average reach all-time highs as investors shrugged aside geopolitical worries, markets in the Asia-Pacific area were mostly up.

The Shanghai Composite in mainland China increased by 0.81 percent, while the Hang Seng Index in Hong Kong had an increase of 2.68 percent.

The CSI 300 increased by 0.54%.

The Nikkei 225 in Japan and the Kospi in South Korea were both up 0.5% and 0.52%, respectively. The S&P/ASX 200 index for Australia was up 0.66 percent.

Following the minutes, US markets continued their upward trend, with the Dow and S&P 500 ending at all-time highs.

The S&P 500 increased 40.91 points, or 0.71 percent, to 5,792.04, the Nasdaq Composite increased 108.70 points, or 0.60 percent, to 18,291.62, and the Dow Jones Industrial Average up 431.63 points, or 1.03 percent, to 42,512.00.

Thanks in part to automakers, the STOXX 600 index finished 0.66 percent higher in Europe.

The Shanghai Composite index and the CSI300 index had their worst one-day percentage declines since February 2020, capping a rise in Chinese markets.

The finance ministry will provide details on its plans for fiscal stimulus to stimulate the economy during a press conference on Saturday, according to China’s primary information office.