After the rise in the global market, today once again a boom-boom is expected in the domestic stock market. Sensex and Nifty 50 are likely to open with gains on Friday. In such a situation, there is a strong possibility of Sensex crossing the level of 86000. Because, there was mixed trading in Asian markets today, while on Thursday the American stock market closed at a record high level of S&P 500. Strong US economic data eased concerns that the US Federal Reserve could cut rates aggressively to prevent any recession.
Indian stock market benchmark index Sensex-Nifty reached its new all-time high on Thursday. After touching a new record high of 85,930.43 points, the Sensex finally closed at 85,836.12 points with a gain of 666.25 points or 0.78 per cent. Nifty 50 hit a new peak of 26,250.90, but closed at 26,216.05, up 211.90 points or 0.81 per cent.
What are the global signals today?
Asian Market: Asian markets traded mixed on Friday, supported by a rally on Wall Street and China’s policy stimulus measures. Japan’s Nikkei 225 rose 0.52 percent, while the Topix fell 0.23 percent. South Korea’s Kospi fell 0.18 percent, while the Kosdaq fell 0.15 percent. Whereas, Hong Kong’s Hang Seng Index futures indicated a higher start.
Gift Nifty: GIFT Nifty was trading around 26,360 levels, a premium of about 50 points from the previous close of Nifty futures. This was indicating a positive start for the Indian stock market.
wall Street: US stock markets closed higher on Thursday. The Dow Jones Industrial Average rose 260.36 points, or 0.62 percent, to 42,175.11, while the S&P rose 23.11 points, or 0.40 percent, to 5,745.37, after rising to a record intraday high of 5,767.37. The Nasdaq Composite closed at 18,190.29, up 108.09 points or 0.60 percent.
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