Trading activity is expected to be driven by company-specific developments as more firms report their financial results. (AI image)
Stock market today: Nifty50 and BSE Sensex, the Indian equity benchmark indices, rallied strongly in trade on Wednesday influenced by positive movements in Asian markets following Japan’s trade agreement with the United States.The NSE Nifty advanced by 159 points or 0.63 per cent, finishing at 25,219.90. The BSE Sensex rose by 539.83 points or 0.66 per cent, closing at 82,726.64. During trading hours, it reached a peak of 82,786.43, showing an increase of 599.62 points or 0.72 per cent. Within the Sensex portfolio, notable performers included Tata Motors, Bharti Airtel, Bajaj Finance, Maruti, Bajaj Finserv, ICICI Bank, HDFC Bank and Reliance Industries.
Conversely, Hindustan Unilever, UltraTech Cement, Bharat Electronics and ITC showed declines.Asian markets displayed strength, with Japan’s Nikkei 225 surging 3.51 per cent after US President Donald Trump announced a trade agreement with Japan, including a 15 per cent tax on Japanese imports. Other Asian indices, including South Korea’s Kospi, Shanghai’s SSE Composite and Hong Kong’s Hang Seng, also finished positively.
“On the global stage, investor sentiment soared following optimistic developments surrounding the US-Japan trade pact, igniting expectations for further international agreements in the near future,” according to Ashika Institutional Equities.European markets traded positively, whilst US markets largely advanced on Tuesday. FIIs sold equities worth Rs 3,548.92 crore on Tuesday, whilst DIIs purchased stocks valued at Rs 5,239.77 crore.Brent crude, the global oil benchmark, decreased by 0.45 per cent to USD 68.29 per barrel. The rupee continued its downward trend for the sixth consecutive session, declining by 3 paise to 86.41 against the dollar on Wednesday, amidst a robust American currency and foreign fund outflows.(Disclaimer: Recommendations and views on the stock market and other asset classes given by experts are their own. These opinions do not represent the views of The Times of India)
