Indian Markets Open Higher Amid the Geopolitical Tensions
Facebook
Twitter
LinkedIn
WhatsApp
Summary: The Indian financial markets surged in the thick of global concerns. The BSE Sensex was at 80,800, while the Nifty50 was at 24,400.
Indian stock markets opened in green on Thursday, even after the Operation Sindoor had recently caused global tensions. The BSE Sensex crossed the 80,800 threshold, and the Nifty50 index opened above 24,400.
This encouraging start comes after a day of market turbulence as a result of India's military operation against nine terror camps in Pakistan and Pakistan-occupied Kashmir, which caused the markets to fluctuate between gains and losses.
Analysts say that progress in trade talks between the US and India could soon help the markets. This would be especially good for businesses that depend on exports.
Also, Wednesday saw shares worth ₹2,585 crore net bought by foreign portfolio investors, a sign of ongoing investor confidence.
US stocks went up around the world on Wednesday, led by gains in the semiconductor industry following news that rules governing AI chips had been eased. Following the Federal Reserve's decision to keep interest rates at their current levels, trading remained erratic.
Asian stocks stayed in a narrow range while investors thought about the Federal Reserve's stance and looked forward to the outcome of the trade talks between the US and China.
Amid increased global tensions, the positive start to Indian markets indicates that investors are bullish and the economy is solid overall.
