Iran ceasefire hopes, global AI rally keep D-Street in the green
Indian stock markets opened higher on Thursday, driven by a strong overnight session on Wall Street where optimism over a potential US-Iran ceasefire and a rally in artificial intelligence stocks pushed American indices to record highs. The Sensex and Nifty50 rose 0.15% and 0.12%, respectively, as of 9:17 AM.
Indian stock markets opened higher on Thursday. The Sensex rose to 78,072.31, up 113.79 points or 0.15%, and the Nifty50 was at 24,360.55, up 29.60 points or 0.12%. Gains were driven by a strong overnight session on Wall Street, where the S&P 500, Dow Jones, and Nasdaq reached record highs due to optimism over a potential US-Iran ceasefire and a rally in artificial intelligence stocks. Nvidia surged 5.68% and Advanced Micro Devices jumped over 18% on strong earnings. Among Nifty50 top gainers were HDFC Life Insurance, Trent, and SBI Life Insurance. Foreign Institutional Investors remained net sellers on Wednesday, offloading equities worth ₹5,834 crore, while Domestic Institutional Investors purchased equities worth ₹6,836 crore.
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