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Stock market today: BSE Sensex and Nifty50, the Indian benchmark equity indices, surged in opening trade on Friday. BSE Sensex surged over 800 points while Nifty5o was above 21,900. At 9:22 AM, BSE Sensex was trading at 72,442.47, up over 790 points or 1.11%. Nifty50 was at 21,930.00, up over 230 points or 1.07%.
The domestic markets traded within a narrow range on Thursday and closed lower. On the global front, the US Federal Reserve maintained its status quo without hinting at early rate cuts, which dampened global sentiments.
Siddhartha Khemka, Head – Retail Research at Motilal Oswal, said, “With two major events now behind us, we expect markets to find support from the ongoing earning season and remain in positive territory.”
US stocks rebounded on Thursday as investors looked forward to high-profile earnings and the employment report on Friday. The US Federal Reserve’s announcement put to rest expectations of early interest rate cuts.
The Dow rose by 0.97%, the S&P increased by 1.25%, and the Nasdaq gained 1.30%.
Asian equity futures edged higher after US stocks saw a rebound on Thursday due to better-than-expected results from technology giants. As of 8:04 a.m. Tokyo time, S&P 500 futures rose 0.5%, Hang Seng futures rose 0.6%, and Australia’s S&P/ASX 200 rose 0.4%.
The dollar experienced a broad decline on Friday as positive risk sentiment prevailed following strong earnings from big tech companies on Wall Street. Traders are awaiting US jobs data to gauge the Federal Reserve’s potential for rate easing.
Foreign portfolio investors sold shares worth Rs 1,879 crore on Thursday, while DIIs were net buyers at Rs 872 crore, according to an ET report.
Today, IndiGo, Tata Motors, JSW Infra, Delhivery, and several other companies will announce their third-quarter results.
The domestic markets traded within a narrow range on Thursday and closed lower. On the global front, the US Federal Reserve maintained its status quo without hinting at early rate cuts, which dampened global sentiments.
Siddhartha Khemka, Head – Retail Research at Motilal Oswal, said, “With two major events now behind us, we expect markets to find support from the ongoing earning season and remain in positive territory.”
US stocks rebounded on Thursday as investors looked forward to high-profile earnings and the employment report on Friday. The US Federal Reserve’s announcement put to rest expectations of early interest rate cuts.
The Dow rose by 0.97%, the S&P increased by 1.25%, and the Nasdaq gained 1.30%.
Asian equity futures edged higher after US stocks saw a rebound on Thursday due to better-than-expected results from technology giants. As of 8:04 a.m. Tokyo time, S&P 500 futures rose 0.5%, Hang Seng futures rose 0.6%, and Australia’s S&P/ASX 200 rose 0.4%.
The dollar experienced a broad decline on Friday as positive risk sentiment prevailed following strong earnings from big tech companies on Wall Street. Traders are awaiting US jobs data to gauge the Federal Reserve’s potential for rate easing.
Foreign portfolio investors sold shares worth Rs 1,879 crore on Thursday, while DIIs were net buyers at Rs 872 crore, according to an ET report.
Today, IndiGo, Tata Motors, JSW Infra, Delhivery, and several other companies will announce their third-quarter results.
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