Ahead of Market: 10 things that will decide stock market action on Friday
stocks, which tracked optimism in global markets after positive comments from the U.S. Fed Chair and as domestic investors await the Reserve Bank of India's monetary policy decision on Friday.
The benchmark S&P BSE Sensex gained 809.53 points or 1.00% to settle at 81,765.86, while the broader Nifty 50 index closed at 24,708.40, higher by 240.95 points or 1%.
Here's how analysts read the market pulse:
Commenting on the day’s action, Dr. V K Vijayakumar, Chief Investment Strategist at Geojit Financial Services said the market experienced a sharp recovery from the day's low, closing with strong gains.
«A positive turnaround from FIIs for the past couple of days to India in expectation of a dovish monetary policy by the RBI supported the sentiment. Further, stability in November service PMI data despite a rise in inflation shows steadiness in business activity,» Vijayakumar added.
US markets
Wall Street's main indexes traded near flat on Thursday after hitting all-time closing highs the day before, while the Nasdaq touched a new intraday record ahead of key employment data due later this week.
Stock Trading
Technical Analysis Demystified: A Complete Guide to Trading
By — Kunal Patel, Options Trader, Instructor
Stock Trading
Technical Trading Made Easy: Online Certification Course
By — Souradeep Dey, Equity and Commodity Trader, Trainer
Stock Trading
Ichimoku Trading Unlocked: Expert Analysis and Strategy
By — Dinesh Nagpal, Full Time Trader, Ichimoku & Trading Psychology Expert
Stock Trading
Derivative Analytics Made Easy
B
