Indian stock markets started the day on Friday at a new high, with both the Nifty 50 index and the Sensex continuing their bull run. The Nifty 50 index opened at 25,430.45, gaining 41.55 points or 0.16 percent, while the Sensex opened at 83,091.55 points, a surge of 128.84 points or 0.16 percent. Global markets are also rallying ahead of the Fed rate cuts, with Indian markets continuously reaching new highs, indicating strong investor confidence. Ajay Bagga, a banking and market expert, highlighted that the markets will move sharply in anticipation of the Fed rate cuts, with some minor risk off possible early next week.
In the sectoral indices on the National Stock Exchange, Nifty Media led in gains, followed by Nifty Metal and Nifty PSU Bank. In the Asian markets on Friday, there was mixed movement, with Japan’s Nikkei index falling 0.89 percent and South Korea’s KOSPI showing flat movement. However, Hong Kong’s stock index surged 1.16 percent, while Taiwan’s Taiwan Weighted also gained marginally by 0.14 percent at the time of filing the report. The U.S. markets marked the fourth consecutive session of gains on Thursday, with the S&P index gaining 0.75 percent and the Nasdaq surging 1 percent by the closing bell.
The European markets also closed with positive gains after the EU announced rate cuts of 25 basis points. Germany’s DAX surged 1.02 percent, France’s CAC index gained 0.51 percent, and the UK’s FTSE index gained 0.57 percent on Thursday. The Indian stock markets achieved a record-breaking milestone on Thursday, with both the Sensex and Nifty closing at record highs. This surge was driven by broad-based buying across sectors, reflecting strong investor confidence and robust market sentiment. The Sensex soared by 1,439.55 points to close at 82,962.71, while the Nifty jumped by 395.40 points, closing at 25,313.85 points.
Overall, the Indian stock markets have shown a positive trend, with key indices reaching new heights and reflecting strong investor confidence. The anticipation of Fed rate cuts has also added to the momentum, with global markets also witnessing positive movements. The market expert, Ajay Bagga, highlighted the impact of the weakening U.S. dollar and the inflows into equity markets, leading to optimism among investors. Sector-wise, Nifty Media, Nifty Metal, and Nifty PSU Bank led in gains on the National Stock Exchange, showcasing a diverse bull run across industries. The mixed movements in Asian markets were offset by strong gains in Hong Kong and Taiwan, indicating a global trend towards positive market sentiment.
In the U.S. and European markets, consecutive sessions of gains were observed, with positive reactions to the Fed rate cuts and other economic announcements. The Indian stock markets, in particular, have shown resilience and strength in the face of global economic fluctuations. The record-breaking milestones achieved on Thursday reflect the overall optimism and confidence in the Indian economy and stock markets. With the Fed rate cuts looming and continued positive momentum, investors are likely to see further gains and strong market performance in the coming days.
As investors continue to monitor global economic developments and market trends, the Indian stock markets remain a lucrative avenue for investment and growth. The record highs achieved by the Nifty 50 index and the Sensex are a testament to the robustness of the Indian market and the confidence of investors in its potential. With strong performances across sectors and positive movements in global markets, the Indian stock markets are poised for continued growth and success in the days ahead.
