Markets open higher; IT stocks lead gains as investors await Warsh's Jackson Hole speech
The Sensex opened at 77,128.05 and rose to 77,181.97, up 248.38 points by 9:25 AM; The Nifty 50 opened at 24,122.60 and increased to 24,143.30, up 52.45 points
Markets opened higher on Friday, August 28, with technology stocks leading the gains as investors awaited US Federal Reserve Chair Kevin Warsh's Jackson Hole speech. The Sensex and Nifty both opened in positive territory, with the Sensex trading at 77,181.97, up 0.32 percent, and the Nifty 50 at 24,143.30, up 0.22 percent. Tech stocks, particularly IT companies such as Tech Mahindra, TCS, Infosys, HCL Technologies, and Wipro, dominated early trading, riding on Wall Street's overnight gains following Nvidia's strong second-quarter revenue surge.
Financial stocks faced selling pressure, while market participants are closely watching Warsh's speech for potential clarity on the Federal Reserve's inflation outlook and rate decisions.
Brief written by urgent.news from Hindu BusinessLine's own syndicated text. Machine-written — may contain errors; check the original before relying on it.
This story
This is one outlet's version. Read the fullest account.
