Sensex Opens 146 Points Higher, Nifty Crosses 25,000
Infosys, TCS, Axis Bank lead early gains; global cues and Fed rate-cut hopes boost market sentiment.
- Sensex up 146 pts at 81,695; Nifty above 25,000.
- Infosys, TCS, Axis Bank among top gainers; ITC, HDFC Bank lag.
- 1,606 stocks advanced, 565 declined, 181 unchanged.
- Rupee down 7 paise to 88.42 vs USD amid tariff concerns.
GG News Bureau
Mumbai, 12th Sept: Indian equities opened strong on Friday, tracking firm global signals. At 9:19 a.m., the BSE Sensex rose 146.49 points to 81,695.22, while the NSE Nifty jumped 51.5 points to 25,057.
In early trade, Sensex heavyweights Infosys, TCS, Axis Bank, HCL Tech and Tata Motors advanced, while Eicher Motors, UltraTech Cement, ITC, HUL and HDFC Bank declined. Around 1,606 stocks gained, 565 fell and 181 remained unchanged. Moments after opening, the Sensex surged 200.62 points to 81,749.35 and Nifty climbed 61.65 points to 25,067.15.
Meanwhile, the Indian rupee weakened 7 paise to 88.42 against the U.S. dollar in early trade, pressured by sustained foreign fund outflows, a stronger dollar index, and India–U.S. tariff tensions. The rupee opened at 88.39 at the interbank forex market before slipping to 88.42.
Market View:
Dr. V.K. Vijayakumar, Chief Investment Strategist at Geojit Financial Services, said global markets remain resilient on expectations of a Fed rate cut on September 17. “While a 25 bps cut is widely expected, the pace of future reductions remains uncertain. Rising U.S. inflation and tariff pass-through pressures could complicate the outlook,” he added.
