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Stock Market Today: Sensex, Nifty open with minor gains
BSE Sensex opened 354.97 points, or 0.49 per cent higher at 72541.10 while Nifty 50 inched 115.60 points, or 0.53 per cent at 22045.00. Nifty Bank edged higher by 0.56 per cent. Share Market Today Updates: Indian benchmark indices opened with minor gains on cues from global markets. BSE Sensex opened 354.97 points, or 0.49 per cent higher at 72541.10 while Nifty 50 inched 115.60 points, or 0.53 per cent at 22045.00. Nifty Bank edged higher by 0.56 per cent. Indian rupee opened 3 paise stronger at 83.03 vs Tuesday’s close at 83.06 against US dollar. Dollar index, which measures the American currency against six global peers, fell 0.06 points, or 0.06 per cent at 104.00. International crude prices witnessed growth for a third straight day this week after US crude stocks grew less than expected. Brent crude oil futures traded 0.18 points, or 0.23 per cent higher at $78.77 per barrel while US WTI futures rose 0.22 points, or 0.30 per cent at $73.53 a barrel. Asian markets traded in mixed territory with Japan’s Nikkei edging 85.86 points, or 0.24 per cent lower at 36,068.37 while Kospi edged 27.15 points or 1.05 per cent at 2,603.35. Southeast Asia’s biggest bank, DBS group, reported only 2 per cent growth in consolidated profit at $2.39 billion. Hong Kong’s Hang Seng extended gains on Thursday on the back of auto shares, after China announced new plans for Electric Vehicles. On Wednesday, all three major US indices gained ground after fresh Q4 earnings. Tech heavy NASDAQ and S&P 500 gained 0.07 per cent and 0.23 per cent while Dow Jones Industrial Average (DJIA) gained 0.37 per cent. Leading automaker Ford Motors stock gained over 6 per cent after exceeding the analysts’ expectation. Strong Q4 earnings in previous weeks coupled with rate cut expectations in March was the strength of Wall Street, a hope that stands eroded after Jerome Powell’s comment. Source - Indian Express
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