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Indian stocks rise on positive global cues, US inflation eases
The Business Guardian
|July 13, 2024
Indian markets started the day with slight gains on Friday, buoyed by positive global cues, as both major indices surged during early trading.
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The NSE Nifty 50 index opened at 24,379 points, marking a rise of 64 points, while the BSE Sensex also climbed 193 points to reach 80,093 in the opening trade.
Among the Nifty 50 stocks, 35 opened higher, 9 declined, and 6 remained unchanged. Leading gainers at the opening included ONGC, Coal India, BPCL, ITC, and Tata Motors, while top losers included Tata Consumers, Bajaj Finance, Divis Lab, Mahindra & Mahindra, and Sun Pharma.
Ajay Bagga, a Banking and Market Expert, commented, “The US CPI showing a downward trend and coming in below estimates for June has boosted market sentiment for a potential rate cut in September.”
Dit verhaal komt uit de July 13, 2024-editie van The Business Guardian.
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