Market Update: Sensex and Nifty Open Higher

Market Update: Sensex and Nifty Open Higher

VoM News Desk | January 19, 2024 | 11:15 AM IST | Breaking News | Follow on Google News

Market Update: Sensex and Nifty Open Higher

Market Update: Sensex and Nifty Open Higher

Indian shares opened higher on Friday, aligning with gains in global markets. As of 11 am, Sensex rose by 537.12 points (0.75%) to 71,723.98, and Nifty traded higher by 159.50 points (0.74%) at 21,621.75. The positive momentum is influenced by a rally in regional chipmakers, with Taiwan Semiconductor Manufacturing projecting significant revenue growth for 2024. The Asian market’s upbeat sentiment and steady performance in the US, despite strong labor-market data, contribute to the positive outlook. Oil prices remain stable amid escalating tensions in the Middle East.

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