Sensex and Nifty open with gains, rupee also strengthens against dollar

Stock markets opened higher on Thursday. During early trade, the Sensex climbed 181.21 points to 80,927.99, and the Nifty climbed 32.85 points to 24,447.25. During early trade, the rupee also gained 16 paise to 84.61 against the dollar. Earlier, after Indian Army operation Sindoor, there was a massive tumble in Pakistan's Karachi stock market on Wednesday and it plunged over 6,000 points during the day.

In another significant event concerning the stock market, the Bombay Stock Exchange i.e. BSE and the National Stock Exchange i.e. NSE decided to block international websites. BSE official remarked, due to possible cyber attack, risks are being monitored continuously at domestic and international levels. Websites have been blocked on a preventive basis.

Earlier on Wednesday, despite India's attack on Pakistan, Indian stock markets closed in gains. Bombay Stock Exchange (BSE) Sensex closed at 80,746.78 with a gain of 105.71 points. National Stock Exchange's Nifty closed at 24,414.40 with a gain of 34.80 points. The capital of companies listed in the Sensex rose by 2.2 lakh crores to Rs 423.50 lakh crore. Out of 30 Sensex companies, shares of 18 closed in gains, while 12 were in decline. Major stocks that rose were Tata Motors, Bajaj Finance, Eternal, Mahindra & Mahindra and Adani Ports. Those that fell were Asian Paints, Sun Pharma, ITC, Nestle and Reliance Industries. A total of 4,046 shares were traded on BSE. 2,206 stocks rose and 1,683 fell. Out of 50 Nifty stocks, 24 rose and 26 fell.

Rupee fell 45 paise to 84.80 against the dollar due to tensions between India and Pakistan. Forex traders said, the rupee fell after the Indian Army attacked terrorist camps, which put pressure on the domestic currency. Rupee opened at 84.65 against the dollar in the interbank foreign exchange market and remained between a high of 84.47 and a low of 84.93 during the day's trade.

Gold prices in Delhi bullion market on Wednesday rose by Rs 1,000 and again crossed Rs 1 lakh per ten grams to Rs 1,00,750 due to increased buying for safe investment due to rising tensions between India and Pakistan. Earlier, the yellow metal had touched an all-time high of Rs 1,01,600 per 10 grams on April 22 with a rise of Rs 1,800. On the other hand, the price of silver also increased by Rs 440 to Rs 98,940 per kg. In the international markets, gold fell by $ 62.12 to $ 3,369.65 per ounce and silver remained at $ 32.81 per ounce.