India BusinessLiveStock market today: BSE Sensex jumps over 550 points, NSE Nifty 50 opens above 24,200

GIFT Nifty signals positive opening as global cues improve.

Key points

• Indian shares are set for a potentially positive start on Thursday, with GIFT Nifty futures at 24, 241 points as of 7: 56 am IST.
• Nevertheless, the positive global cues come against a backdrop of elevated crude oil costs and continuing tensions in the Middle East.
• While US equities additionally concluded higher overnight, asian stock markets gained more than 2%.

What happened

Indian shares are set for a potentially positive start on Thursday, with GIFT Nifty futures at 24, 241 points as of 7: 56 am IST. The level indicated a higher opening for the benchmark Nifty 50. It concluded at 24, 078.30 on Wednesday.

Meanwhile, the projected improvement in sentiment comes as broader Asian markets gained after global bond markets steadied after steps confirmed by the US Treasury to address rising borrowing rates. While US equities additionally concluded higher overnight, asian stock markets gained more than 2%.

Nevertheless, the positive global cues come against a backdrop of elevated crude oil costs and continuing tensions in the Middle East. The Nifty has additionally declined for seven straight sessions, losing 2.1% during its longest losing streak in 11 months.

The bottom line

For now, india BusinessLiveStock market today: BSE Sensex jumps over 550 points, NSE Nifty remains the part of the story worth watching, and further updates are likely as more details are confirmed.