Sensex, Nifty surge driven by gains in metals and IT stocks.

Sensex, Nifty open in green as Fed rate cut hopes grow after US inflation data

The S&P BSE Sensex added230.45 points to 81,753.61, while the NSE Nifty50 gained 97.40 points to 25,015.85

by · India Today

Benchmark stock market indices opened higher on Thursday driven by gains in metals and IT stocks.

This upward tick came as expectations for increased foreign inflows grew, following US inflation data that strongly indicated a Federal Reserve rate cut in the upcoming week.

The S&P BSE Sensex added230.45 points to 81,753.61, while the NSE Nifty50 gained 97.40 points to 25,015.85 as of 10:28 AM.