Ajay Bagga

September 16, 2024 3:25 PM

Sensex, Nifty open near record highs as global markets surge

India's benchmark indices hovered near record highs on Friday, driven by a rally in Asian markets as investors anticipated a 50-basis-point interest rate cut by the U.S. Federal Reserve. At the opening bell, the Nifty 50 climbed to 25,430.45, marking a gain of 41.55 points or 0.16 percent. Simultaneously, the BSE Sensex reached a staggering 83,091.55 points, up by 128.84 points or 0.16 percent. This remarkable performance comes against the backdrop of rallying global markets, spurred by antici...

Nifty, Sensex dip in early trade

Indian benchmark indices started Friday's trading session on a muted note, influenced by global cues. The Nifty 50 index declined by 29 points to 22,374.20 in the early trade while the BSE Sensex lost 149 points to 73,548 at the time of filing this report. Ajay Bagga, Banking and Market Expert, said "Selling by FIIs moderated on Thursday. As and when FIIs liquidate their huge short positions in the derivatives markets, the Indian indices will witness an upsurge". Mahindra & Mahindra surged...