Indian Stock Market Opens in Green

Indian equity benchmark indices, Nifty50 and BSE Sensex, opened higher on Thursday, with Nifty50 above 24,400 and BSE Sensex crossing 80,800. At 9:16 AM, Nifty50 was trading at 24,424.60, up 10 points or 0.042%. BSE Sensex was at 80,849.80, up 103 points or 0.13%.

Outlook: Developments in US-India trade negotiations could offer support in the immediate term, particularly benefiting export-oriented sectors.

Global Market Updates

US stocks advanced Wednesday in choppy trading, with semiconductor stocks rising following news about relaxed AI chip regulations. Asian equities traded narrowly as investors processed the Federal Reserve's stance on maintaining current interest rates.

Gold Prices and Investor Activity

Gold prices increased on Thursday following the Federal Reserve's caution regarding inflation and employment market concerns. Foreign portfolio investors purchased shares worth Rs 2,585 crore net on Wednesday, while domestic institutional investors sold shares worth Rs 2,378 crore net.