stock market The impact of the tremendous rise in global markets was clearly visible on the Indian stock market today. NVIDIA’s better-than-expected results have completely changed the sentiment of global markets. Leaving behind the fear of AI bubble, the company’s excellent results have breathed new life into the tech sector. Along with Asian markets, Indian markets also got its direct benefit and today the market opened in the green from the beginning.

Sensex jumped 160 points, Nifty crossed 26100

Indian markets opened with strong gains on 20 November. Sensex opened higher by 160 points. At 9:30 am, the Sensex was seen trading around 85,380. Whereas Nifty opened above 26,091 and crossed the level of 26,100 in the initial minutes. Market breadth also remained strong. Buying was seen in 1447 shares, while decline was seen in only 734 shares.

New life seen in tech sector

A 2% rise in Nasdaq futures and a surge in Asian markets provided significant support to Indian IT and tech stocks. Gift Nifty also saw a rise of 80-100 points. Japan’s Nikkei is trading around 4% higher, while Kospi and Taiwan’s Kospi are also up by 2-3%. Reliance Industries, Tech Mahindra, Tata Consumer, Hindalco and Shriram Finance were the early gainers in the Indian market today. On the other hand, ICICI Bank and Maruti Suzuki were seen in slight decline.

Which sector will investors keep an eye on today?

Experts believe that NVIDIA’s strong earnings have given a big relief to tech stocks. Therefore, today investors’ eyes will be on IT, AI-linked stocks and semiconductor themed companies.