Sensex rises 200 points on strong macro data, firm global cues

Indian stock markets opened higher following positive cues from global markets and strong domestic macroeconomic data, with the BSE Sensex trading 0.42% higher and Nifty50 up by 0.43%. Among Sensex stocks, Reliance, Kotak Bank, Tech Mahindra, Tata Steel, and UltraTech Cement opened with gains. On the domestic front, easing inflation, strong economic growth data, and the expanding factory output have boosted investors’ confidence. The Nifty Metal sector surged by 1.31%, while the Nifty Auto rose 0.72%. Brent crude futures rose by 0.18% to $74.41 a barrel, and US West Texas Intermediate crude rose by 0.21% to $70.25 a barrel.