The Indian equity market opened in the green on Thursday amid positive global cues, a return of investor confidence, and smooth trade operations in the Strait of Hormuz.
Fifteen out of 16 major sectors witnessed gains, while the broader small-cap and mid-cap segments also surged by 0.4 per cent.
BSE Sensex gained 400.66 points or 0.52 per cent to 77,391.88 at 9:30 am after opening positively at 77,391.07 from the previous close of 76,991.22. The Nifty 50 rose 114.90 points or 0.48 per cent to 24,136.55.
Broader Asian stocks also gained up to 1.3 per cent, helped by lower crude oil prices and strong earnings and forecasts from chip giants Micron and Qualcomm, which helped ease fears about the red-hot AI rally.
Brent crude fell 1.7 per cent to $72.5 a barrel, easing concerns about the growth and inflation outlook for the world’s No. 3 oil importer and consumer.
The return of investor sentiment weighed on precious metals, which were trading around $4,000 per troy ounce in early Thursday trade.
However, prices of the bullion are expected to rise over the next few months as the marriage season and other festivities drive up demand.
In India, gold is not just a metal — it is deeply attached to cultural sentiments and often held as a long-term investment.
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