Markets climb in early trade on firm Asian peers
The Hindu
Sensex and Nifty rise on optimistic trade, fueled by Asian markets, Reliance Industries, and easing retail inflation.
Benchmark indices Sensex and Nifty began the trade on an optimistic note on Wednesday (January 15, 2025) mirroring a firm trend in Asian peers and buying in bellwether stock Reliance Industries.
Easing retail inflation also added to the markets' strength.
The 30-share BSE benchmark Sensex climbed 401.53 points to 76,901.16 in early trade. The NSE Nifty advanced 97.5 points to 23,273.55.
From the 30-share blue-chip pack, Maruti, NTPC, Zomato, IndusInd Bank, Power Grid, Kotak Mahindra Bank, Reliance Industries, Adani Ports, Tech Mahindra, and Larsen & Toubro were the biggest gainers.
Bajaj Finserv, Bajaj Finance, Axis Bank and Mahindra & Mahindra were among the laggards.
In Asian markets, Seoul, Tokyo and Hong Kong traded in the positive territory while Shanghai quoted lower.
US markets ended mostly higher on Tuesday.
According to government of Karnataka: “The fire broke out at the Galore Tx startup room in the second floor ESF07 lab due to improper management of solvent flammable solvent. All BBC startups were previously told to not store and use any large volume of inflammable chemicals in their lab, and a separate open storage area was provided for the same.”