Stock markets rise: Nifty approaching 24,900, Sensex gains 350 points; Infosys sees a 3% surge

The Indian stock market opened on a positive note on September 9, 20XX, with the BSE Sensex jumping 350 points to reach 81,138, and the NSE Nifty 50 opening 88 points higher at 24,862. The Bank Nifty also saw a rise, opening 132 points higher at 54,319.

In the early trading period, Infosys, Wipro, Dr Reddy's Lab, Tech Mahindra, Eicher Motors, and F Force Motors were among the top gainers among the Nifty 50. On the other hand, Titan, Bajaj Auto, Eternal (Zomato), Shriram Finance, JSW Steel, United Breweries Ltd., and Som Distilleries and Breweries Ltd. were the key laggards. Infosys, HDFC Bank, TCS, Wipro, and Bharti Airtel, however, remained under pressure in the morning trade.

The auto sector appears to be the major beneficiary of the recent GST cuts, as stated by VK Vijayakumar, Chief Investment Strategist at Geojit Investments. In a positive development for US markets, the Nasdaq set a new record.

Meanwhile, there are clear signs of rising inflation and unemployment in the US. Despite this, the Federal Reserve is expected to pause after a 25 bps rate cut on September 17th.

The Nifty Midcap index also saw a rise, opening 135 points higher at 57,496, indicating a positive sentiment towards mid-cap companies. There are expectations of an earnings boost from the GST reforms.

Jefferies has made a 3 buy recommendation for a stock, with up to 27% upside potential. However, further details about the specific stock were not available.

As always, investors are advised to conduct thorough research and consult with financial advisors before making investment decisions.

Stock markets rise: Nifty approaching 24,900, Sensex gains 350 points; Infosys sees a 3% surge