Indian stocks opened higher on Thursday, with the Nifty 50 and BSE Sensex edging up in early trade. At 9:17 a.m., the Nifty was at 25,076.70 – a gain of 30.55 points or 0.12 %. The Sensex followed, trading at 81,786.73, up 13.07 points or 0.02 %.
Market analysts credit a positive global mood for the muted lift. Investors are watching world events closely, but easing tension in the Middle East helped calm risk‑aversion. Commentators noted that the Israel‑Hamas ceasefire talks are trending toward a first phase of peace, while U.S. President Trump and Qatar officials confirm progress. In Asia, the risk premium is easing, and Japan’s Nikkei is celebrating another all‑time high as the nation considers a flat tax proposal.
The Reserve Bank of India has built a USD 15 billion position in offshore NDF markets to shore up the rupee, which has lagged as the weakest Asian currency this year. The rupee has also benefited from two consecutive days of net foreign portfolio investment (FPI) inflows, injecting demand for Indian dollars.
Gold’s price kept climbing, surpassing USD 4,000 for the first time. Precious‑metal analyst Manav Modi says the rally reflects global uncertainty and expectations that the U.S. will cut interest rates. Silver hit record highs, buoyed by the same factors that lifted gold and copper. Gold is up more than 55 % year‑to‑date, after a 27 % jump in 2024. Silver has gained over 60 % this year, thanks to tightness in the spot market.
While optimism remains, profit‑booking from recent highs and the outcome of the Israel‑Hamas truce could influence short‑term sentiment. Traders also monitor the U.S. government shutdown, now in its ninth day, which dampens global risk appetite.
Earlier this week, Tata Capital’s public issue saw strong buying. After three days, the subscription was 1.95 times, with qualified institutional investors (QII) buying 3.42 times, non‑institutional investors (NII) at 1.98 times, and retail investors at 1.1 times. LG Electronics also attracted sizable interest, with its IPO subscribed 3.32 times by day two—NII led the way at 7.6 times, QII at 2.59 times, and retail at 1.9 times.
Overall, the day’s modest gains reflect a blend of positive global sentiment and domestic economic signals, while commodities and IPO activity spotlight ongoing market interest.
Source: aninews
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