Stock Market today: Indian stock market investors will track a host of domestic and global triggers, including foreign exchange reserve data, corporate earnings, board meetings and IPO activity. On Thursday, Sensex and Nifty opened strong after Sensex jumped 1,533 points to 74,315, its 3-week high. Focus will also be on SEBI’s new CAS rules and their impact on investors.
India Forex Reserves data in focus
India’s foreign exchange reserves will be among the key domestic economic indicators to watch. The latest data will provide an update on the country’s external financial position and the Reserve Bank of India’s foreign currency assets.
Several companies are scheduled to announce their quarterly results, keeping stock-specific action in focus.
Bansal Wire Industries announces record date for stock split
Ujjivan Small Finance Bank board to consider preference issue
Ujjivan Small Finance Bank will also remain in focus as its board is listed to consider a preference issue.
The IPO calendar lists the closing of the Fusion CX public issue. Investors will monitor subscription figures and other available issue details as the offering reaches its final day.
SBI Funds Management lock-in expiry
The lock-in period for 1 per cent of SBI Funds Management is listed as ending. The expiry may allow eligible shareholders to sell shares, subject to applicable rules and restrictions.
Global Policymakers’ speeches in focus
The schedule lists Federal Reserve Chair Warsh and IMF Managing Director Kristalina Georgieva, along with Bank of England Governor Andrew Bailey.
Sensex jumps 1,534 points, Nifty surges to nearly 3-week high led by banks, Reliance, IT stocks
On Thursday, Benchmark stock index Sensex rallied 1,534 points, or over 2 per cent, to close at a three-week high on Thursday, led by heavy buying in banks, IT and Reliance Industries, amid easing crude oil prices.
The 30-share BSE Sensex jumped 1,533.72 points, or 2.11 per cent, to settle near the day’s high at 74,315.61. During the day, it surged 1,548.4 points, or 2.12 per cent, to 74,330.29.
The 50-share NSE Nifty climbed 374.65 points, or 1.66 per cent, to close at 22,997.35, its highest level since September 25.
From the 30 Sensex firms, Tech Mahindra jumped 4.61 per cent, ICICI Bank 4.17 per cent, Bharti Airtel 2.94 per cent, Eternal 2.77 per cent, HCLTech 2.58 per cent, HDFC Bank 2.51 per cent and TCS 2.28 per cent.
Reliance Industries surged 4.03 per cent after its digital and telecom arm, Jio Platforms, set a price band of Rs 1,065 to Rs 1,119 per share for its initial public offering, which could raise about Rs 30,213 crore at the top of the range, making it India’s largest.
“Indian equities rallied sharply as concerns over stretched AI valuations and higher US inflation triggered a sell-off across tech-heavy global markets, improving India’s relative appeal and encouraging rotation toward domestic large-cap technology, private financials and defensive heavyweights,” Vinod Nair, Head of Research, Geojit Investments Limited, said.
(Disclaimer: The above article is meant for informational purposes only, and should not be considered as any investment advice. ET NOW DIGITAL suggests its readers/audience to consult their financial advisors before making any money-related decisions.)