The domestic stock market jumped on Thursday due to the increase in global investment in the domestic market. The market showed a strong growth in the last session. At 2:54 pm, the Sensex jumped 1,236.04 (1.51%) points to reach 82,772.87. On the other hand, the Nifty rose 369.50 (1.48%) points to reach 25,287.95. This strength in the market came from the strength in the shares of HDFC Bank and Airtel.

The market capitalisation of BSE-listed companies rose by Rs 5.14 lakh crore to Rs 465.9 lakh crore on Thursday. The latest US inflation data has shown stability. According to CME Fedwatch, this has increased the probability of the Fed cutting rates by 25 basis points on September 18 from 66% to 85%, while the probability of a larger 50-bps rate cut has fallen from 34% to 15%. 

IT companies, which derive a large portion of their revenue from the US, gained over 1% on Thursday. Additionally, Nifty banks, auto, financial services, healthcare and oil and gas sectors also saw gains of over 1%. 

Bharti Airtel, Reliance Industries, HDFC Bank and Infosys together added nearly 500 points to the Sensex rally. L&T, M&M, NTPC, ICICI Bank and SBI also contributed significantly to the index's gain. Indian stock markets opened with gains on Thursday after stocks rose globally after US inflation data showed moderation in August. The Nifty 50 index opened with a gain of 0.57 per cent or 141.20 points at 25,059.65 points, while the BSE Sensex rose 0.5 per cent or 407 points to 81,930.18 points. 

Earlier, global markets reacted positively to US inflation data. VK Vijayakumar, Chief Investment Strategist at Geojit Financial Services, said, "The latest US inflation data is slightly positive for the markets. CPI inflation came in at 0.2 per cent in August, bringing down 12-month inflation to 2.5 per cent from 2.9 per cent. This has cleared the way for a rate cut by the Fed in September. But since core inflation remains high at 3.2%, the Fed is likely to be cautious and avoid a 50 bp rate cut, eventually settling for a 25 bp rate cut."

He further added, "CPI inflation in India is also expected to remain low at around 3.5 per cent in August. This may allow the MPC to cut rates only in 2024. In short, benign inflation conditions and prospects of rate cuts are positive for stock markets". 

On the National Stock Exchange, all the broad market indices, including Nifty Next 50 and Nifty 100, opened in the green. Among the sectoral indices, Nifty Metal and Nifty PSU Bank were seen trading with gains of 1.29 per cent and 0.23 per cent, respectively. However, Tata Motors shares continued to remain under pressure, with its shares falling nearly 0.5 per cent. Meanwhile, Bajaj Housing Finance IPO received a record Rs 3.23 lakh crore as application money from 89 lakh investors.

Asian markets also opened higher on Thursday. Japan's Nikkei 225 index rose nearly 2.7 per cent amid strong buying sentiment, while Taiwan's Taiwan Weighted Index gained over 3 per cent. South Korea's Kospi and Hong Kong's Hang Seng also rose following gains in Asian stocks. In the US, markets rose on Wednesday, with the S&P 500 and Nasdaq index gaining over 1 per cent and 2.17 per cent respectively. US inflation data showed inflation eased to 2.5 per cent in August.