A Oneindia Venture

Stock Market Live Updates: Sensex Near 81,900, Nifty Above 25,100; Bajaj Twins, BEL Top Bulls

The Indian stock market opened today on a higher note, triggered by positive global cues. Nifty opened above the 25k mark at 25,074.45 level, whereas Sensex was up 180 pts during the pre-opening session on Friday, 12th September. Infosys was the top gainer during the early trade after the largest share buyback since the IPO was announced by the IT services provider. The buyback of shares will be carried out through a tender offer and has a valuation of Rs 18,000 crore. The price per share for the buyback offer would be Rs 1,800.

Concerning global markets, the Asian stock market is performing well today, with a broad-based rally. The Nikkei 225 in Japan is up more than 0.73%, trading at about 44,696, while the KOSPI in South Korea is also doing well, up more than 1.2%, trading at around 3,383.42. The Shanghai Composite Index rose by 0.38% in mainland China, indicating a bullish trend. The Hang Seng Index of Hong Kong has also entered a positive zone, rising more than 1.61% to trade at over 26,505.

This broad-based rally is largely attributed to a positive global sentiment, driven by expectations of upcoming interest rate cuts by the US Federal Reserve. With UK GDP coming Friday, investors are likely to closely monitor major macro data on the ECB rate decision, US CPI, and initial jobless claims. Meanwhile, market momentum is expected to be maintained by GST adjustments, expectations of a U.S. Fed rate cut next week, and US-India trade discussions.

Stock Market Live Updates: Sensex Near 81,900, Nifty Above 25,100; Top Bulls

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