Indian equity benchmark indices opened Thursday’s trading session on a cautious note, influenced by mixed signals from Asian markets.
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Sensex Today: Indian equity benchmark indices opened the trading session on a cautious note on Thursday, influenced by mixed signals from Asian markets.
The BSE Sensex opened nearly 50 points higher at 80,282, while the NSE Nifty 50 added 20 points to 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 a number of factors, including monthly expirations of futures and options, a surprise 25 basis point interest rate hike by the Bank of Korea, steady US GDP growth, and long Dollar drops ahead of weekend. America
Global Markets
Asian markets saw a mixed trend this morning. Japan’s Nikkei rose 0.5 percent. The Straits Times and Kospi also made modest gains, while the Hang Seng and Taiwan were marginally in the red.
Overnight in the US, the benchmark index ended with a loss of up to 0.6 percent. The Dow Jones also settled early gains in the red. Trading action was muted by the Thanksgiving holiday that falls tonight, followed by a half-day trading session on Friday.
Meanwhile, Goldman Sachs expects gold prices to reach $3,150 an ounce (in their bullish terms) by December 2025, an increase of about 19% from current levels as they factor in sticky inflation and rising inflation. It remains a good hedge against geopolitical issues.