Business Desk
13 August
Tv10punjab
Indian stock markets opened on a positive note on Wednesday, supported by strong global cues and favorable domestic data. The stability in U.S. inflation figures has boosted investor confidence worldwide, leading to gains across major markets. Adding to the optimism, India’s retail inflation for July eased to 1.55%, the lowest level in eight years, giving a strong push to domestic equities.
In early trade, the 30-share BSE Sensex rose by 327.79 points to reach 80,563.38, while the NSE Nifty advanced 112.15 points to 24,599.55. Among the top gainers in the Sensex pack were Bharat Electronics, Tata Motors, Power Grid, Tata Steel, Eternal, and Infosys. On the downside, Maruti Suzuki, Tech Mahindra, HCL Technologies, and Bajaj Finserv faced losses.
The positive opening reflects a mix of global market strength and improving domestic economic indicators. However, currency movement showed some weakness as the Indian rupee slipped 6 paise to 87.69 against the U.S. dollar in early trade. Overall, market sentiment remains upbeat, but investors will be watching global trends and domestic earnings closely for further direction.