stock market today, BSE Sensex On Friday, the Indian equity benchmark index Nifty 50 opened in the green. The BSE Sensex rose over 200 points, while the Nifty 50 gained over 200 points. nifty 50 was close at 24,500. At 9:28 am, the BSE Sensex was trading at 80,265.88, up 226 points or 0.28%. The Nifty 50 was at 24,486.30, up 80 points or 0.33%.
Indian stock markets witnessed a dull trading session on Thursday, with benchmark indices ending flat but with a negative bias. Weak global cues and middling first quarter earnings dampened investor sentiment.
Siddhartha Khemka, Head of Retail Research, Motilal Oswal, said, “Overall, we expect the market to continue its consolidation mode with stock-specific action as the earnings season is in full swing. All eyes will be on the US Q2 GDP data. Thus, the market will take cues from its peers.”
According to Nagaraj Shetti of HDFC Securities, the sluggish move with a weak bias is expected to continue for the next 1-2 sessions, after which a sharp bounce from lower levels will be seen. Important lower supports around 24100-24000 levels should be watched, which could be a buying opportunity on dips. Immediate resistance is placed at 24500 levels.
global market US stocks were mixed on Thursday, with weak performance. The S&P 500 and Nasdaq Composite failed to recover ground lost in the previous day's tech-triggered sell-off as investors grappled with the potential direction of megacaps. Asian stocks showed signs of improvement as traders balanced resilience in the US economy with strong expectations of Federal Reserve rate cuts in the coming months. Oil prices rose slightly on Friday on better-than-expected US economic data, but concerns about softer economic conditions in China and Japan limited the gains.
On the domestic front, foreign portfolio investors turned net sellers to the tune of Rs 2,605 crore on Thursday while DIIs bought shares worth Rs 2431 crore. FIIs' net long declined from Rs 2.4 lakh crore on Wednesday to Rs 62,416 crore on Thursday.
Investors will also keep an eye on the first quarter results, as 69 companies including Indigo, IndusInd Bank, Cipla, Power Grid are going to announce their results on Friday.
Indian stock markets witnessed a dull trading session on Thursday, with benchmark indices ending flat but with a negative bias. Weak global cues and middling first quarter earnings dampened investor sentiment.
Siddhartha Khemka, Head of Retail Research, Motilal Oswal, said, “Overall, we expect the market to continue its consolidation mode with stock-specific action as the earnings season is in full swing. All eyes will be on the US Q2 GDP data. Thus, the market will take cues from its peers.”
According to Nagaraj Shetti of HDFC Securities, the sluggish move with a weak bias is expected to continue for the next 1-2 sessions, after which a sharp bounce from lower levels will be seen. Important lower supports around 24100-24000 levels should be watched, which could be a buying opportunity on dips. Immediate resistance is placed at 24500 levels.
global market US stocks were mixed on Thursday, with weak performance. The S&P 500 and Nasdaq Composite failed to recover ground lost in the previous day's tech-triggered sell-off as investors grappled with the potential direction of megacaps. Asian stocks showed signs of improvement as traders balanced resilience in the US economy with strong expectations of Federal Reserve rate cuts in the coming months. Oil prices rose slightly on Friday on better-than-expected US economic data, but concerns about softer economic conditions in China and Japan limited the gains.
On the domestic front, foreign portfolio investors turned net sellers to the tune of Rs 2,605 crore on Thursday while DIIs bought shares worth Rs 2431 crore. FIIs' net long declined from Rs 2.4 lakh crore on Wednesday to Rs 62,416 crore on Thursday.
Investors will also keep an eye on the first quarter results, as 69 companies including Indigo, IndusInd Bank, Cipla, Power Grid are going to announce their results on Friday.