Ahead of Market: 10 things that will decide stock market action on Friday
The benchmark BSE Sensex added 899.01 points or 1.19% to close at 76,348.06, while the broader Nifty 50 index closed at 23,190.65, higher by 283.05 points or 1.24%.
Here's how analysts read the market pulse:
Consistent falls of the U.S. dollar index (DXY) have reduced the intensity of FII selling while DII buying continues to be strong, thus triggering the recent upside, said Vinod Nair, Head of Research at Geojit Financial Services, adding that the “supportive domestic data indicating a MoM rise in economic activity and the view that more rate cuts are envisaged during the year are adding to the attractiveness of equity. “
“The sustenance of the ongoing rally is expected to stay for the broad market in the short term and then drive based on the outlook on Q4FY25 results, to be released in April."
Also read | 5 Wall Street moguls who dismissed Bitcoin as a fad — Guess what they’re saying now!
Live Events
US markets
U.S. stock indexes recouped some of the early losses on Thursday, as investors digested the Federal Reserve outlook on interest rates amid persistent tariff worries.
Traders looked to build on the previous session's gains after a massive sell-off in recent weeks due to the uncertainty tied to President Donald Trump's trade policies.
The Fed maintained current interest rates on Wednesday as expected and reaffirmed its forecast for two 25 basis point reductions by the end of year.
The central bank also projected slightly reduced growth and increased inflation for the year, alongside a modest uptick