Sensex Today: In India, NSE Nifty50 and BSE Sensex crossed their resistance and managed to surge over the fourth consecutive day on Thursday. The market saw an increase of 318.74 points with a percentage of 0.42% and a closing of 77,042.82 on the benchmark. During the course of the trading session, it ranged from 77,319.50 to 76,895.51.

Gains on the NSE Nifty50 were observed making it end on the greener side with an increase of 98.60 points and a rise of 0.42%. Following the increase the settlement of the Nifty50 was at 23,311.80. The performance high and low was ranged between 23,391.65 to 23,272.05 respectively.

For the constituent Nifty50 33 stocks rose in share price sured by high profits of HDFC Life, Bharat Electronics, Adani Ports and Shriram Finance up to 7.99%. In contrast to this 17 stocks dipped around 2.90% due to the losses incurred by Trent, Dr Reddy’s Labs, Tata Consumer, HCL Tech and Infosys, ending in the red.

With the Nifty Midcap100 and Nifty Smallcap100 all managed to rise over 1% all in different sectors have managed to perform exceptionally setting the benchmarks higher.

The Indian VIX increased by 1.35%s being pessimistic in nature, the close was at 15.17 points.

Global Cues

Taking into account the technologies in the Asia Pacific region, they were able to keep up on the rise, following the US market.

The Bank of Korea unexpectedly kept the benchmark interest rate unchanged owing to which South Korea’s Kospi rose by 1.16% while the smaller-cap Kosdak index rose by 1.61%. The economists were of the belief that a 25 basis point rate cut was to happen.

The Producer Price Index (PPI) in Japan for December increased by 3.8%, which was within the expected range, this is the reason Japan’s Nikkei225 saw a rise of 0.54% and the Topix index by 0.18%.

In Australia’s S&P/ASX 200 the value rose by 1.47%, Hong Kong’s Hang Seng index was also saw an increase of 1.72%, while mainland China’s CSI 300 rose by 1.7%.

There was a drop in the yields for US Treasury after the core US inflation data for December fueled hopes that the Federal Reserve might further cut interest rates, which led to an increase in the global equities gauge and the oil prices simultaneously increased because of a concern over supply disruptions.

Previously, US Bureau of Labour Statistics had data which suggested that consumer price index (CPI) has increased by 2.9% year on year in December up from 2.7 % in November. Nevertheless, core inflation which does not include food and energy prices went up by 3.2% whereas the estimate was 3.3%.

The data of US producer prices which was released on Tuesday showed moderate price growth which made the inflation reading more appealing to investors. As a result, the traders, following the announcement, estimated the odds of Fed cutting interest rates two times by year-end with the first reduction in June as about 50 percent each way.

JPMorgan, BlackRock and Goldman Sachs earnings results were a bright spot for Wall Street on the earnings side alongside the good economic data. According to JPMorgan, they had their best annual profit till 2019 at $37 billion, while Blackrock reported an unprecedented $11.6 billion in asset under management and Goldman Sachs saw their profit in the 4th quarter of 2024 double.

On Wall Street, all three major indices were able to beat their previous daily percentage gains which were last reported on 6th November during the US presidential election, with the highest percentage gain being from the Dow Jones which rose by 703.27 points or 1.65% to reach 43221.55, this was followed by the S&P 500 which rose by 107 points or 1.83% to reach 5949.91, finally the Composite surged 466.84 points or 2.45% and reached 19511.23.