Stock Market Updates: Sensex Jumps 300 Points, Nifty Above 22,450; Infosys Gains 1% – News18

Sensex Today: Equity benchmark indices opened on a strong note in the first trading sesssion of the financial year 2024-25, amid supportive cues from global peers.

The S&P BSE Sensex opened 317 points higher at 73,969. The NSE Nifty 50 was up 128 points at 22,455.

Power Grid, Infosys and Bajaj Finserv were the early movers, while Maruti was down among the Sensex 30 shares.

Broader indices rose up to 0.8 per cent.

In the week ahead, global market trends, fund flows and the RBI policy meet on outcome are the key events that shall guide the market sentiment.

On Monday, shares of auto companies will be in focus owing to the monthly sales report.

Among individual stocks, Paytm will be in focus amid reports of ‘voluntary resignations’ even as the firm denies layoff buzz. Zomato too will be on investors radar after the food-delivery firm received Rs 23.26 crore GST notice from Karnataka tax authorities.

Global markets

Asian stocks were seen trading on a positive note after China reported expansion in its manufacturing activity in March, a first since September. Hang Seng, Shanghai and Kospi were up over 0.5 per cent each.

Later tonight, the US market shall react to the latest Personal Consumption Expenditures (PCE) reading, which rose 0.3 per cent month-over-month on Friday. Dow and Nasdaq futures were up over 100 points in post-market deals.