The domestic stock markets opened on a positive note on Wednesday, supported by strong global cues after Nvidia delivered yet another set of blockbuster numbers and boosted confidence around the AI hyperscaling cycle.
Indian stock markets opened on a positive note on Wednesday as investor sentiment was lifted by further moderation in domestic inflation and strong global cues.
Indian stock indices soared for the fifth straight session on Monday. Market experts believe the positive bias in Indian equities is likely to continue throughout the week, mainly due to consistent foreign investments and strong global cues.
After an initial dip, both benchmark indices rebounded sharply, with the Sensex surging 609.87 points to close at 74,340.09, while the Nifty 50 climbed 207.40 points to end at 22,544.70.
BSE 30-share Sensex went up 345 points and settled higher at 62,846 while NSE Nifty surged 99 points and ended at 18,599. Nifty had an intra-day high of 18,641. The Bank Nifty hit a fresh all-time high at 44,483. BSE banking index eventually ended 0.7 per cent higher at 44,312.
The benchmark indices of the domestic equity markets on Monday recovered the losses made on Friday, tracking strong global cues. The better-than-estimates earnings also helped investors' sentiments.