Indian benchmark indices opened on a strong note on June 20, tracking positive global cues and sustained buying in frontline stocks. The Sensex surged 605 points (0.78%) to 76,805, while the Nifty 50 advanced 154 points (0.64%) to 24,014, reclaiming the key 24,000 mark in early trade.
Market Opening Snapshot: Equities Gain as Crude Advances, Precious Metals Slip; Rupee Weakens
Indian markets opened higher, with the Sensex up 605 points (+0.78%) at 76,805 and the Nifty 50 gaining 154 points (+0.64%) to 24,014.
Crude Oil (MCX) rose 1.20% to 7,139, indicating continued strength in energy prices.
Gold MCX declined 1.35% to 1,47,295, while Silver MCX fell 2.47% to 2,31,700, reflecting profit booking in precious metals.
The Rupee weakened against the US Dollar, with the USD/INR at 94.34, adding pressure on import-sensitive sectors.
Global crude benchmarks remained under pressure, with NYMEX Crude and Brent Crude trading lower in early trade.
Market sentiment remained positive despite commodity volatility, supported by strong buying in frontline equities.
