Indian stock market indices Sensex and Nifty 50 are likely to open higher on Thursday, tracking positive global cues. Asian markets advanced, while US indices closed mostly in the green following strong earnings from major banks.
On Wednesday, domestic markets extended gains, with Sensex rising 575.45 points (0.70%) to 82,605.43 and Nifty climbing 178.05 points (0.71%) to 25,323.55. Ajit Mishra of Religare Broking maintained a bullish outlook, suggesting a “buy on dips” strategy above the 25,000 mark, with sectoral strength seen in banking, metals, and autos, while FMCG and pharma may lag.
Across Asia, Japan’s Nikkei 225 gained 0.95%, Topix rose 0.8%, Kospi advanced 1.09%, and Kosdaq added 0.2%, while Hong Kong’s Hang Seng futures signaled a softer start. Gift Nifty traded at 25,451, indicating a positive opening.
In the US, S&P 500 gained 0.40%, Nasdaq rose 0.66%, while Dow Jones dipped 0.04%. RBI MPC minutes suggested possible rate cuts amid easing inflation. Meanwhile, India-US trade negotiations continue in Washington. Axis Bank’s Q2 profit dropped 26% to ₹5,090 crore due to higher provisions. Gold hit a record $4,225/oz, and crude oil climbed after the US confirmed India would halt Russian oil imports.
