Sensex Today, Nifty 50, stock market live updates, Wipro top gainers, Infosys, SBI Q2 results, Tata Motors earnings, quarterly earnings, Wall Street record highs, US Fed rate cut

Sensex and Nifty trade higher; Wipro, Infosys top gainers

The Indian stock markets opened higher today with the Nifty 50 index breaking into life above 24,250 while Sensex showed a similar gain. Wipro and Infosys were the clear gainers powering the positive start to the trading session. Here's how things were placed at the close of the previous session with the Nifty 50 2,078 points behind its all-time high of 26,277.35.

Wall Street's top indices yesterday night touched all time high, after the United States Federal Reserve decided to cut its federal funds rate by 25 basis points. Since this is in sync with market expectations, the global market sentiment thus gained a lift, with positive movement being passed onto Indian indices Sensex and Nifty.

Quarterly Earnings Drive Stock Movements

Several Indian firms are announcing their quarterly earnings today. Lupin, Emami, NCC, Cochin Shipyard, SAIL, NHPC and Ircon International had declared Q2 results, which spooked the market in a mixed fashion.

Apart from these, major players SBI, Tata Motors, Ashok Leyland, and MRF too are slated to declare their quarterly earnings results today, which may have a bearing on the market momentum. Investors cautiously track the updates as it may affect the performance of Sensex and Nifty in the near term.
 Stocks to Watch

Coupled with the positive news of earnings announcements, investor focus is now on companies such as India Metals, Astral, and ITD Cementation. Earnings expectancies coupled with the recent reduction in rates by the U.S. Fed are now entailing optimism in all sectors.