The Indian stock market on Thursday reacted with a strong positive sentiment to the US Federal decision that reduced interest rate to 50 basis points, marking the first decrease since 2020.
Indian stock indices settled the week's trade on a high, keeping the gains that were accumulated throughout the day intact. The indices were supported by continued buying by foreign portfolio investors.
In a volatile trade, Indian stock indices - Sensex and Nifty - closed Tuesday's session largely on a steady note. The indices started the day flat and later oscillated between red and green, but closed with marginal gains.
Going ahead into next week, GDP updates will be eagerly awaited, notably including from India (August 30) and the US, S&P Global Market Intelligence said in its weekly report Week Ahead Economic Preview. Inflation readings out of the US and eurozone will be the highlights in the coming w
Indian stock market indices opened with gains on Monday following the global rally. On the National Stock Exchange, the Nifty 50 index opened at 24,943.30, up by 108.45 points or 0.44 per cent, while the BSE Sensex gained 346.93 points or 0.43 per cent to reach 81,679.65 points.
Indian stock indices moved higher as the Friday session progressed and in the process touched a fresh high, triggered by the latest moderation in US inflation, better-than-expected TCS results, and lack of negative market fundamentals.
The BSE Sensex closed 53.07 points down at 79,996.60, falling just short of the 80,000 mark, while the NSE Nifty inched up 21.70 points to close at 24,323.85.
The Nifty 50 index opened at an unprecedented 24,369 points, while the BSE Sensex began the session at an all-time high of 80,321.79 points. This bullish trend continues from the June 10 rally, after which the Sensex has surged by more than 3,000 points till date.
The international bullion body said unlike previous s periods when gold broke record highs, the market is still not saturated indicating that the gold prices may go up.