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Indian benchmark indices started the week on a positive note; Key points for investors
Sensex Today
Sensex Today: Indian equities opened higher on Monday, defying weakness in global markets, led by gains in Infosys, Power Grid, Bajaj Auto, HDFC Life, Adani Enterprises, TCS, IndusInd Bank, Tech Mahindra, and Trent.
The BSE Sensex rose 242 points, or 0.30 per cent, to trade near 80,052, while the Nifty50 advanced 81 points, or 0.33 per cent, to 24,508. In the broader market, the Nifty MidCap index climbed 0.70 per cent and the Nifty SmallCap index added 0.54 per cent.
Investors are keeping a close watch on India–US trade relations after the US Court of Appeals for the Federal Circuit ruled that President Donald Trump had exceeded his authority by imposing sweeping tariffs under his April 2 “liberation day” declaration. The court, however, left the levies in place.
Market sentiment will also be shaped by the release of August auto sales data and the HSBC Manufacturing PMI Final for August, both due later in the day.
Among sectors, Nifty IT was the top performer, gaining 1.2 per cent in early trade.
Gold, Silver Scale Record Highs on MCX Amid Tariff Uncertainty
Gold prices surged to fresh record highs on the Multi-Commodity Exchange (MCX) on Monday, with futures touching Rs 1,04,900 per 10 grams, up 1 per cent.
Silver also climbed to an all-time high, rising 2 per cent to Rs 1,24,141 per kg.
Global Cues
Across Asia, markets opened largely lower on Monday after a US federal appeals court ruled that President Donald Trump’s “reciprocal tariffs” were illegal, saying he had overstepped his authority by imposing sweeping levies on nearly all major trading partners under his April 2 “liberation day” declaration. Japan’s Nikkei 225 fell 0.92 per cent, South Korea’s Kospi dropped 0.85 per cent, and Australia’s S&P/ASX 200 slipped 0.17 per cent. In contrast, China’s Shanghai Composite gained 0.20 per cent.
On Wall Street, major indices closed in the red on Friday, August 29, as investors digested fresh inflation data showing tariffs feeding into consumer prices. The S&P 500 fell 0.64 per cent, the tech-heavy Nasdaq Composite lost 1.15 per cent, and the Dow Jones Industrial Average slipped 0.20 per cent.
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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