2 days Ago
Indian stock market: The Indian equity benchmark indices, Sensex and Nifty 50, are expected to extend rally and open higher on Friday tracking positive momentum in global peers. Asian markets traded higher, while US stock market indices ended overnight with minor gains as Treasury yields dropped. On Thursday, the Indian stock market indices extended the rally with the Sensex crossing above 79,000 level and the Nifty 50 surpassing 24,000-mark for the first time.
The jumped 568.93 points, or 0.72%, to close at 79,243.
18, while the Nifty 50 settled 175.70 points, or 0.74%, higher at 24,044.
50. “The upmove in the markets has been gradual so far (except for the last 4 days) as participants are wary of the high valuations. They are also afraid of a sharp bout of profit taking which has not happened so far.
Q1FY25 numbers are also not expected to be great due to election related disruption. Though the breadth of the markets is negative, we expect it to soon improve if the markets sustain at record high levels," said Deepak Jasani, Head of Retail Research, HDFC Securities. Here are key domestic and global market cues for Sensex today: Asian Markets Asian markets rose on Friday with Japan’s Topix index on course to regain its 34-year high.
MSCI's broadest index of Asia-Pacific shares outside Japan rose 0.06% early in the Asian session, and was on track to gain some 3.2% for the month, its best performance since February.
Japan’s Nikkei 225 gained 0.6%, while the Topix rose 0.66%.
