Opening Bell: Sensex Rises 138 Points, Nifty 50 Opens Above 24,080 as Global Markets Rally

Indian equity markets opened higher on Wednesday, tracking positive cues from global markets. The benchmark indices started the session with modest gains as investor sentiment remained upbeat.

The BSE Sensex opened 137.82 points, or 0.18 per cent, higher at 79,743.31, while the Nifty 50 began trading at 24,085.85, gaining 33.80 points, or 0.14 per cent.

The broader market also witnessed buying interest, with the Nifty SmallCap index and Nifty MidCap index both rising 0.39 per cent during the early session.

Sectorally, most NSE indices traded in positive territory. However, the Nifty IT index remained under pressure, declining over 1 per cent in Wednesday’s trade.

In the commodities market, crude oil prices remained largely stable after U.S. President Donald Trump announced that Washington would not impose the previously proposed 20 per cent transit fee on ships passing through the Strait of Hormuz. The July crude oil futures contract was quoted at USD 85.50 per barrel, up 0.77 per cent.

Meanwhile, precious metals traded lower, with gold futures declining 0.57 per cent and silver futures falling 0.43 per cent.

Disclaimer: The article is for informational purposes only and not investment advice.