Stock Market Updates: Sensex Jumps Over 250 Points, Nifty Above 25,000; Tata Motors Down 2%

Indian benchmark indices BSE Sensex and Nifty 50 opened higher on Thursday, tracking overnight gains on the Wall Street.

At opening bell, the BSE Sensex was up 250 points, or 0.31 per cent, at 81,717, while the Nifty 50 was at 25,069, up 87 points, or 0.35 per cent.

Global Cues

Markets in the Asia-Pacific region were mostly higher, following gains on Wall Street that saw the S&P 500 and Dow Jones Industrial Average hit life highs as investors shook off geopolitical concerns.

Hong Kong’s Hang Seng Index was up 2..68 per cent, while mainland China’s Shanghai Composite was up 0.81 per cent and

CSI 300 was up 0.54 per cent.

Japan’s Nikkei 225 was trading 0.5 per cent higher, and South Korea’s Kospi was ahead by 0.52 per cent. Australia’s S&P/ASX 200 was up 0.66 per cent.

US stocks added to gains after the minutes, with both the Dow and S&P 500 closing at record levels.

The Dow Jones Industrial Average rose 431.63 points, or 1.03 per cent, to 42,512.00, the S&P 500 rose 40.91 points, or 0.71 per cent, to 5,792.04 and the Nasdaq Composite rose 108.70 points, or 0.60 per cent, to 18,291.62.

In Europe, the STOXX 600 index closed up 0.66 per cent, buoyed in part by automakers.

A rally in China stocks short-circuited, with both the Shanghai Composite index and CSI300 index suffering their biggest one-day percentage drops since February 2020.

China’s main information office said the finance ministry will detail plans on fiscal stimulus to boost the economy at a news conference on Saturday.