Stock Market LIVE Updates: GIFT Nifty suggests a positive start, US, Asian markets mixed

Trends on GIFT Nifty indicate a positive start for the broader index in India, with a gain of 93.5 points or 0.37 percent. The Nifty futures were trading around 25,173.50 level.

Wall Street stocks ended mixed on Thursday, with gains in Cisco Systems following an upbeat forecast, while UnitedHealth tumbled after a report of a criminal investigation into the insurer.

The S&P 500 has more than recovered from a deep selloff in April triggered by U.S. President Donald Trump’s global trade war, as investors bet Washington will reach deals to roll back steep tariffs that economists worry will drive up consumer prices.

The S&P 500 climbed 0.41% to end at 5,916.93 points.

The Nasdaq declined 0.18% to 19,112.32 points, while the Dow Jones Industrial Average rose 0.65% to 42,322.75 points.

Of the 11 S&P 500 sector indexes, eight rose, led by utilities, up 2.1%, followed by a 2% gain in consumer staples.

The S&P 500 remains about 4% below its record high close on February 19.

Benchmark indices surged mid-day on strong buying interest that saw Nifty surpass 25,000 level for the first time since October 17, 2024 during a session of across-the-board buying.

The Sensex was up 1,200.18 points or 1.48 percent at 82,530.74, and the Nifty was up 395.20 points or 1.60 percent at 25,062.10. The BSE midcap index added 0.6 percent while the smallcap index rose 0.9 percent. All the sectoral indices ended in the green with realty, oil & gas, metal, media, IT, auto, bank up 1-2 percent.

The biggest gainers on the Nifty were Hero MotoCorp, JSW Steel, Trent, Tata Motors, HCL Technologies.

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