Markets rebound in early trade on rally in global peers, foreign fund inflows
The Hindu
Equity markets rise as Sensex and Nifty climb, fueled by global rally and foreign fund inflows.
Equity benchmark indices rebounded in early trade on Thursday (September 12, 2024) tracking a rally in global markets and foreign fund inflows.
The 30-share BSE Sensex jumped 428.83 points to 81,951.99 in early trade. The NSE Nifty climbed 154.1 points to 25,072.55.
Among the 30 Sensex firms, Tata Steel, Adani Ports, Bharti Airtel, Tech Mahindra, Kotak Mahindra Bank and State Bank of India were the biggest gainers.
Tata Motors, Asian Paints, Nestle and Bajaj Finserv were among the laggards.
In Asian markets, Seoul, Tokyo and Hong Kong were trading with significant gains while Shanghai quoted lower.
The U.S. markets ended with sharp gains on Wednesday.
"Latest U.S. inflation numbers are mildly positive for markets. August CPI inflation coming at 0.2% has brought down the 12-month inflation to 2.5% from 2.9% earlier. This paves the way for a rate cut by the Fed in September. But since core inflation continues to remain high at 3.2% the Fed is likely to be cautious and refrain from a 50 bps rate cut, finally settling for a 25 bps rate cut," said V K Vijayakumar, Chief Investment Strategist, Geojit Financial Services.
India imposes a three-year tariff on steel imports from China, Vietnam, and Nepal to protect its domestic industry.
SoftBank Group has completed its $40 billion investment in OpenAI, CNBC reported on Tuesday, citing people familiar with the matter.
Delivery partners and workers with quick commerce platforms such as Swiggy, Zepto, Blinkit, Zomato, Amazon, and Flipkart are planning a nationwide strike on December 31
India has become the world's fourth largest economy, surpassing Japan, with a projected GDP of $7.3 trillion by 2030.
Guidelines for the Export Promotion Mission, approved in November 2025, are expected to be released this week.
Sensex and Nifty close lower amid thin trading and foreign fund outflows, with major laggards including Infosys and Titan.
The U.S. government has granted an annual licence to Samsung Electronics and SK Hynix to bring in chip manufacturing equipment to their facilities in China for 2026, two people familiar with the matter said
Ola Electric's Roadster X+ bike receives government certification, marking a milestone in India's electric vehicle technology with an in-house 4680 battery.
Sensex and Nifty fall in early trade due to foreign fund outflows, while Bharti Airtel and Reliance Industries gain.
The rupee rises 3 paise to 89.95 against the U.S. dollar, influenced by weaker dollar and strong IIP data.
Nvidia has purchased Intel shares worth $5 billion, the American semiconductor firm said in a filing on Monday
SoftBank Group will acquire digital infrastructure investor DigitalBridge Group in a deal valued at $4 billion
Meta said on Monday it would acquire Chinese artificial intelligence startup Manus, as the technology giant accelerates efforts to integrate advanced AI across its platforms.