Mumbai, Aug 22: Indian equity indices opened positively on Thursday, buoyed by favorable US market cues. As of 9:44 a.m., the Sensex was up 194 points (0.24%) at 81,099, and the Nifty rose by 60 points (0.24%) to 24,830. The market trend was upbeat, with 1,730 shares gaining and 423 losing on the NSE.
Early trading saw gains in IT and FMCG stocks, with the Nifty IT index increasing by 0.42% and the Nifty FMCG index up by 0.48%. Key gainers included Infosys, Bharti Airtel, Tech Mahindra, and HUL, while Power Grid, M&M, and Tata Motors were among the top losers.
Asian markets showed mixed trends: Tokyo and Hong Kong were bullish, while Shanghai, Jakarta, and Seoul were in the red. US markets closed higher on Wednesday, driven by expectations of an upcoming rate cut by the FOMC, which also lowered the US 10-year bond yields.
