Sensex and Nifty Open Higher Amid Mixed Global Cues, US Trade Negotiator Brendan Lynch Arrives in India

Domestic benchmark indices opened higher today amid mixed global cues, as US Chief Negotiator Brendan Lynch arrived in India to resume trade negotiations between the two nations. The Sensex was up 184 points or 0.23 per cent at 81,970, and the Nifty was up 47 points or 0.19 per cent at 25,117 in the opening trade.
 
 
The broadcap indices outperformed benchmark indices, as Nifty Midcap 100 inched up by 0.26 per cent, and the Nifty Small Cap 100 moved up 0.70 per cent. Among sectoral indices, Nifty Media, the top gainer, jumped 1.08 per cent. Nifty Auto and Nifty Oil and Gas were the other major gainers. Except for Nifty FMCG and Nifty PSU Bank, which were marginally down, all other indices were in the green.
 
 
Major US indices ended firmly in the green zone overnight as the Nasdaq rose 0.94 per cent, the S&P 500 gained 0.47 per cent, and the Dow advanced 0.11 per cent.
Most of the Asian markets made strong gains during the morning session. While China’s Shanghai index dipped 0.1 per cent, Japan’s Nikkei rose 0.54 per cent, and Hong Kong’s Hang Seng Index inched up 0.07 per cent. South Korea’s Kospi inched up 1.2 per cent.