In the US market on Thursday, the Dow Jones Industrial average index crosses 40,000 level for the first time, The expert said that the recent rally in the index is amid the hopes of rate cuts from the fed in the coming months.
At Thursday's closing session, the NSE Nifty 50 surged 203 points, or 0.92 percent, closing at 22,403.85, while the BSE Sensex climbed 676 points, or 0.93 percent, settling at 73,663.72.
Indian stock indices are off to a strong start at the opening bell Thursday, tracking firm overnight cues from US markets which rose after a softer-than-expected US consumer inflation in April.
Indian benchmark indices on Wednesday deviated from their three-day winning streak and concluded in negative territory amidst cautious sentiment of investors preceding the release of crucial US inflation data and the ongoing elections.
Indian stock indices started Wednesday's session marginally higher, keeping the positive momentum intact for the fourth straight session, primarily tracking positive cues from the US markets which rose overnight.
Indian stock indices opened marginally in the green Tuesday, extending the positive momentum from the previous session closing, primarily due to fresh buying after the latest dip.
Indian benchmark indices rebounded after opening with a decline on Monday. The Sensex climbed 0.20 per cent to close at 72,809.67, while the NSE Nifty50 finished 0.29 per cent higher at 22,120.05 after dipping to a low of 21,821.
The Nifty-50 Index and Sensex both experienced losses of around 3 percent each over the past week, while the mid-cap index saw a decline of 3.9 percent. The Indian market has been consistently under pressure from selling by investors, leading to significant volatility in the past week.
Indian stock markets experienced a slight gain during Friday's session following a slump in stock indices on Thursday. The Nifty 50 index rose by 0.44 percent to close at 22,055, while the Sensex gained 260.3 points to close at 72,664.47. With the exception of the IT, Realty, PSU Bank, and B
The Sensex, the benchmark index of the Bombay Stock Exchange (BSE), surged 345.94 points, opening at 72,635.24, while the Nifty, representing the National Stock Exchange (NSE), rose 27.65 points, starting at 21,985.15.