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Indian equity benchmark indices opened Thursday’s trading session on a cautious note, influenced by mixed signals from Asian markets.
Stock Market Updates
Sensex Today: Indian equity benchmark indices opened Thursday’s trading session cautiously, influenced by mixed signals from Asian markets.
The BSE Sensex gained around 50 points, opening at 80,282, while the NSE Nifty 50 rose by 20 points to reach 24,296 in early trade.
Among the 30 Sensex stocks, Hindustan Unilever, ITC, NTPC, and HDFC Bank were the key gainers. In contrast, Infosys, SBI, and Mahindra & Mahindra were slightly in the red.
Market sentiment today could be shaped by several factors, including the monthly expiry of futures & options, a surprise 25 basis points interest rate hike by the Bank of Korea, steady US GDP growth, and a dip in the dollar ahead of the long weekend in the US.
Global Markets
Asian markets displayed a mixed trend this morning. Japan’s Nikkei was up 0.5 per cent. Straits Times and Kospi also held marginal gains, while Hang Seng and Taiwan were marginally in the red.
Overnight in the US, the benchmark indices ended with losses up to 0.6 per cent. Dow Jones too reversed early gains to settle in red. Trading action was muted owing to the upcoming Thanksgiving trading holiday tonight followed by a half-day trading session on Friday.
Meanwhile, Goldman Sachs expects gold prices to reach $3,150 per ounce (in their bullish case scenario) by December 2025, an upside of around 19 per cent from the current levels as they remain a good hedge against sticky inflation and rising geopolitical issues.
