Indian equity benchmarks opened Friday with a bang, tracking gains across global markets as a rally in technology and semiconductor stocks lifted investor sentiment.
The BSE Sensex started trading near 77,400, soaring more than 650 points, while the NSE Nifty50 jumped nearly 177 points and crossed 24,100, as of 9:15 AM.
The upbeat start comes after strong overnight gains on Wall Street and a positive trend across major Asian markets.
Global Tech Rally Lifts Market Mood
Global equity markets received a boost after semiconductor and artificial intelligence-related stocks rallied, encouraging investors to increase exposure to risk assets.
The technology-led optimism spilled over into Asian trading, setting the stage for a positive opening in Indian equities.
Market participants will continue to monitor whether the momentum in global technology stocks sustains through the session.
Asian Markets Trade Higher
Most markets across the Asia-Pacific region opened in positive territory on Friday.
Japan’s Nikkei 225 climbed more than 2.2 per cent, while South Korea’s Kospi jumped over 4 per cent, extending gains after the strong performance seen in US markets.
The broad-based rally reflected improved global risk appetite, particularly for technology-driven markets.
Wall Street Ends Higher
US equities finished Thursday’s session on a positive note, with technology stocks leading the gains.
The Nasdaq Composite rose 1.3 per cent, outperforming its peers, while the S&P 500 gained 0.81 per cent. The Dow Jones Industrial Average also ended higher, adding 0.27 per cent.
The overnight rally has provided supportive cues for Asian markets, including India.
Crude Oil Remains Stable Amid Diplomatic Hopes
Crude oil prices were little changed in early trade as investors assessed reports of possible diplomatic engagement between the United States and Iran following recent military exchanges.
Brent crude futures traded around $76.30 per barrel, remaining largely unchanged from the previous session.
The stability in oil prices offers some relief to import-dependent economies such as India, where sustained moderation in crude prices can help contain inflation and reduce pressure on the current account.
Precious Metals Ease
Gold and silver prices edged lower on Friday morning.
Both gold and silver futures declined by around 0.3 per cent, as improving global risk sentiment reduced demand for traditional safe-haven assets.
Apart from overseas market trends, investors will keep a close watch on crude oil prices, foreign institutional investor activity and any fresh developments surrounding US-Iran diplomatic efforts.
