Nifty and Sensex are expected to open higher on the heels of strong global demand.

Strong Global Demand Likely to Boost Nifty and Sensex at Market Open

Written by: Supriya Kadu

Edited by: Omkar Devadkar

Last Updated: September 12, 2024

Summary: The 30-share S&P BSE Sensex finished the day on Wednesday 398.13 points lower at 81,523.16, while the NSE Nifty 50 as a whole finished the day 122.65 points lower at 24,918.45.

On Thursday, September 12, benchmark indices are anticipated to open favorably. On the NSE International Exchange, the GIFT Nifty, a futures contract based on the Nifty 50 index, was trading 116 points higher at 25,095.0 as of 7:09 am.

Investors are looking for a recovery today after the benchmark Nifty 50 index dropped 1.18 percent over the previous five days. The wider NSE Nifty 50 finished 122.65 points lower at 24,918.45 on Wednesday, while the 30-share S&P BSE Sensex closed 398.13 points lower at 81,523.16.

Wall Street sank during the night but eventually rose again due to a spike in tech companies headed by Nvidia. The Nikkei 225 in Japan rose 3.2% as a result of Wall Street advances and a weaker currency, while the S&P/ASX 200 in Australia gained 0.6% due to gains in oil and banking companies. The S&P 500 rose 1.07 percent, while the Nasdaq surged 2.17 percent.

Stocks to watch:

NBCC (India) Ltd.: The firm is concentrating on ₹1,600 crore land development project in New Delhi alongside MTNL, which could help expand the company's project portfolio.

State Bank of India: Preference share issuance in Indonesia will have an impact on the bank's overall global operations.

Hindustan Petroleum Corporation Limited: Major projects were awarded, including the modernization of a refinery for Rs 30,609 crores, which increased operating efficiency.

Adani Ports and Special Economic Zone Ltd.: To improve port infrastructure, APSEZ has entered into a concession deal to develop Berth No. 13 at Kandla, Gujarat.

Wipro: It created a cloud data strategy using Microsoft Azure in conjunction with JFK International Air Terminal. The idea was to provide more digital services.

Nazara Technologies: To grow in the esports industry, the company paid Rs 18.4 crores to acquire a 15.86% interest in GetStan Technologies.

Hazoor Multi Projects Limited: Received a Rs 2.59 crore toll collection contract from NHAI, increasing revenue even more.

Max Healthcare: Dissolving ET Planners Private Limited and combining the assets into Alps Hospital Limited will simplify organizational structures.

Ramkrishna Forgings: Yatra Online purchased its stake in Globe All India Services. With this change, its focus on core operations will be even more streamlined.

GE T&D India: Acquired a high-voltage product order from Grid Solutions, which is anticipated to increase top-line revenue in the power transmission industry.

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