Ahead of Market: 10 things that will decide stock market action on Friday
Reliance Industries. However, a decline in Tata Motors capped gains on the benchmarks.
The benchmark BSE Sensex gained 226.85 points or 0.30% to close at 76,759.81, while the broader Nifty 50 index closed at 23,249.50, higher by 86.40 points or 0.37%.
Here's how analysts read the market pulse:
The Indian market concluded on a positive note despite fluctuating between gains and losses, said Vinod Nair, Head of Research at Geojit Financial Services, adding that the fall in oil prices due to a rise in U.S. inventories and an ease in U.S. 10-year yield after the U.S. Fed's hawkish view may decelerate FIIs outflow.
“The upcoming budget may be seen as an inflection point, which is likely to reverse the current bearish trend if the policies restore growth and consumption. As the long-term story is intact, investors are focusing on stocks and sectors where operational metrics and valuations are favourable," Nair added.
US markets
Wall Street's main indexes rose on Thursday, driven by post-earnings advances in Meta and Tesla, although Microsoft's weak cloud forecast and downbeat results from Cigna dampened investor enthusiasm.
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