Last updated: April 5, 2023, 9:26 AM IST
Sensex Today: Domestic markets opened higher in Wednesday’s trading despite mixed global signals.
Major indices Nifty50 climbed more than 40 points to trade above 17,400 levels, while the S&P BSE Sensex rose more than 150 points to trade around 59,281 levels.
Broader markets were mixed, however, as the Nifty Smallcap 100 index outperformed the Nifty Midcap 100 index.
Sector-wise, the Nifty Financial Services index gained the most – more than 0.6 percent. Nifty Metal, Nifty IT and Nifty Healthcare indices, meanwhile, remain locked in trading.
Global signals
Equities struggled to make progress on Wednesday, the dollar posted losses and bonds clung to gains as signs of a slowing US labor market made investors nervous about the economic outlook, while a larger-than-expected rate hike sent the kiwi dollar higher.
Shares in Tokyo opened lower on Wednesday as weaker US jobs data weighed on New York stocks, while yen strength also weighed on the market. The benchmark Nikkei index fell 0.61 percent, or 171.60 points, to 28,115.82, while the broader Topix index lost 0.79 percent, or 16.07. points to 2,006.69.
Wall Street closed lower on Tuesday after signs of a cooling economy exacerbated concerns that the Federal Reserve’s campaign to rein in decades-high inflation could spark a deep downturn.
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