Indian stock market: The domestic equity market benchmark indices, Sensex and Nifty 50, are expected to open on a muted note on Friday tracking a mixed trend in global markets.
Asian markets traded higher, while the US stock market ended lower after the inflation rose higher than expected.
On Thursday, the Indian stock market closed with modest gains amid strong global cues.
The Sensex rose 144.31 points, or 0.18%, to close at 81,611.41, while the Nifty 50 settled 16.50 points, or 0.07%, higher at 24,998.45.
“Domestic broader market momentum was mixed with caution as the initial expectation of Q2FY25 results is subdued due to a subpar momentum in the global and rural demand,” said Vinod Nair, Head of Research, Geojit Financial Services.
Here are key global market cues for Sensex today:
Asian Markets
Asian markets traded mostly higher after South Korea’s central bank delivered its first interest rate cut since March 2022.
Japan’s Nikkei 225 rose 0.3%, while the Topix gained 0.16%. South Korea’s Kospi added 0.8% and the Kosdaq rose 0.4%. Hong Kong’s Hang Seng index futures indicated higher opening.
South Korea’s central bank has cut its benchmark interest rate by 25 basis points to 3.25%.
Gift Nifty Today
Gift Nifty was trading around 25,085 level, a discount of nearly 35 points from the Nifty futures’ previous close, indicating a weak start for the Indian stock market…
