
Stock Market LIVE Updates: Sensex & Nifty Trade Higher 📈
- Benchmark Indices: Sensex and Nifty traded slightly higher on Thursday, following positive trends in global markets.
- Investor Sentiment: Investors were reassured by softer-than-expected inflation data in both the U.S. and India.
- Sector Performance: Nine of the 13 major sectors advanced, with IT stocks leading the gains, up by 0.7%.
- IT Bear Market: The IT index officially entered a bear market on Wednesday, but saw a boost today following favorable inflation data.
- U.S. Inflation Impact: U.S. consumer prices rose moderately in February, offering temporary relief for IT stocks, as the data didn’t fully reflect the impact of U.S. President Donald Trump’s tariffs.
- IT Companies’ Benefit: IT companies, especially those reliant on U.S. revenue, gained from the data showing slower inflation.