Stock Market Opening Bell: The Indian stock market opened higher on Thursday, tracking global cues after the US Federal Reserve delivered a 25 basis points rate cut, boosting risk sentiment across equities.
The BSE Sensex climbed 327 points, or 0.40 per cent, to 83,021 in early trade, while the NSE Nifty50 advanced 90 points, or 0.36 per cent, to 25,420.
In the broader markets, the NSE Midcap 100 index was up 0.25 per cent and the Nifty Smallcap 100 was up 0.16 per cent. On the sectoral front, Nifty IT index rose over 1.2 per cent following US Fed’s 50 bps rate cut. Nifty Pharma, Bank, Media, Realty, FMCG and Financial Services were trading higher. Nifty Energy, Metal, and Oil & Gas were down.
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Infosys, HCL Tech, Tech Mahindra, Sun Pharma and HDFC Bank emerged as the top gainers on the Sensex, with IT stocks leading the rally. In contrast, Bajaj Finance, Bajaj Finserv, UltraTech Cement, NTPC and Bharat Electronics slipped in early deals, capping gains for the benchmarks.
