Kolkata: Sensex 30 and Nifty 50 opened in the positive territory on Wednesday morning (June 11). Around 9:20 am, Sensex stood at 82,480.46 points, up 88.74 points (or 0.11%) and Nifty was trading at 25,128.85, up 24.60 points (or 0.098%). On the morning of June 11, most of the Asian markets were trading in the green and so was GIFT Nifty. Two of the major US indices of the total three also ended in the green on June 10. The positive cues seemed to emanate from the continuing trade dialogue between the US and China — the two biggest economies of the world — in London.
Global markets
Two of the US indices S&P500 and Nasdaq ended trading on Tuesday by 0.50% and 0.63%, while Dow Jones declined by 0.20%. In Europe, FTSE and CAC ended in the green while DAX ended in the red on June 10. This morning Asian indices were mostly in the green. Nikkei, Hang Seng, Taiwan Weighted, Djakarta Composite, Shanghai Composite and KOSPI were in the green. Only Straits Times was trading in the red. GIFT Nifty was up 0.16% at 7:30 am.
Early gainers on NSE
According to the data on NSE, the early gainers on Wednesday were SPEC-RE3, HAVISHA, EXXARO, GMBREW, BTML, RTNINDIA, CINEVISTA, NBFIN, ORIENTLTD, REGENCERAM.
On June 10, the realty index dipped 1% but IT index jumped 1.7%. The media and power index surged nearly 1%. Among the Sensex stocks Tech Mahindra (2.27%), Tata Motors (2.01%) and Infosys (1.51%) were the major gainers while Asian Paints (1.27%), Bajaj Finance (1.16%) and Tata Steel (0.99%) were the major laggards. The BSE Mid Cap and Small Cap indices rose 0.04% and 0.33% respectively. Of the 4172 stocks traded on BSE, 2232 stocks advanced, 1805 stocks declined while 135 remained unchanged.
S&P Global Ratings has said that in the next five years, India Inc could undertake an investment drive, with capital expenditure expected to double to as much as $850 billion. The sectors to leads this zest are likely to be power, electricity transmission lines, airlines, and green hydrogen sectors. Rating agency ICRA predicted that growth in the Indian hospitality sector is expected to normalise in FY26 and added that revenue for listed companies could rise by 6%-8%. Incidentally, between FY23 and FY25, the sector had continuous double-digit revenue growth.
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Both the benchmark indices of the Indian equity markets Sensex 30 and Nifty 50 opened in the green. At 9:20 am, Sensex 30 was trading at 82,480.46 points, up 88.74 points (or 0.11%) and Nifty 50 was trading at 25,128.85, up 24.60 points (or 0.098%). Markets Business News – Personal Finance News, Share Market News, BSE/NSE News, Stock Exchange News Today
