Stock Market Today Live Updates: GIFT Nifty indicates positive start for Sensex, Nifty

May 10, 2024
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Nifty 50, SensexShare Market Today Live Updates: GIFT Nifty is trading at a premium of 42.50 points (File Image)

Stock Market Live: Indian frontline indices Sensex and Nifty 50 started Friday’s session higher but Nifty is opening below 22,000 and Sensex around 72,500. Sensex inched 71.28, or 0.10 per cent higher at 72,475.40 while Nifty inched 33.50 points, or 0.15 per cent at 21,991.00.

GIFT Nifty is trading at a premium of 42.50 points, or 0.19 per cent at 22,131.50 at the time of opening bell.

The Indian rupee opened a paisa stronger at 83.47 against US dollar as compared to Thursday’s close of 83.50.

Despite rally in frontline indices, the broader markets are trading with a discount. Nifty Midcap 100 has slipped 41.00 points, or 0.08 per cent lower at 49,071.80 while Smallcap 100 inched 62.05 points, or 0.48 per cent higher at 15,918.90.

Crude oil prices rose on Friday on the signs of an improving economy in China. The prices had edged up in the previous session to a one-week high on data of rising crude oil imports in China in April

Brent futures rose 37 cents, or 0.4 per cent, to $84.24 a barrel, while US West Texas Intermediate crude grew 41 cents, or 0.5 per cent, to $79.64.

In the Wall Street, softer-than-expected jobs growth in April has brightened investor sentiment this week.

-With inputs from agencies

Live Blog

Asian indices remain elevated after positive handover from the Wall Street. Japan’s Nikkei share average rebounded buoyed by positive earnings and Wall Street gains overnight. However, profit-taking by investors capped further advances. The Nikkei is trading at a premium of 0.62 per cent at 38,311.63, a marginal fall from 1 per cent gain earlier in the session.

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